Upwork Q1 2024 GAAP EPS $0.13 Beats $0.08 Estimate, Sales $190.900M Beat $185.873M Estimate
Portfolio Pulse from Benzinga Newsdesk
Upwork reported Q1 2024 earnings with a GAAP EPS of $0.13, surpassing the $0.08 estimate, and sales of $190.9M, exceeding the $185.873M estimate. This represents an 18.68% increase in sales compared to the same period last year.
May 01, 2024 | 8:47 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Upwork's Q1 2024 earnings exceeded analyst expectations with a GAAP EPS of $0.13 and sales of $190.9M, indicating strong financial performance and growth.
Upwork's significant beat on both EPS and sales estimates for Q1 2024, coupled with a notable year-over-year sales increase, suggests a positive outlook for the company's financial health and operational efficiency. This performance is likely to instill investor confidence and could lead to a short-term uptick in UPWK's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100