Upwork Q2 2024 Adj EPS $0.17 Misses $0.23 Estimate, Sales $193.10M Beat $193.04M Estimate
Portfolio Pulse from Benzinga Newsdesk
Upwork (NASDAQ:UPWK) reported Q2 2024 earnings per share of $0.17, missing the analyst consensus estimate of $0.23 by 26.09%. However, the company reported quarterly sales of $193.10 million, slightly beating the estimate of $193.04 million and marking a 14.52% increase from the same period last year.
August 07, 2024 | 8:06 pm
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Upwork's Q2 2024 earnings per share missed estimates by 26.09%, but sales slightly beat expectations and increased by 14.52% year-over-year.
The significant miss on EPS is likely to have a negative short-term impact on Upwork's stock price, despite the slight beat in sales and year-over-year growth.
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IMPORTANCE 80
RELEVANCE 100