Upwork Sees Q3 2024 Revenue $179M-$184M Vs $193M Estimate; Sees Adj. EPS $0.23-$0.25 Vs $0.23 Estimate
Portfolio Pulse from Benzinga Newsdesk
Upwork has released its Q3 2024 revenue guidance, projecting $179M-$184M, which is below the $193M estimate. The company also expects adjusted EPS to be $0.23-$0.25, in line with the $0.23 estimate.

August 07, 2024 | 8:21 pm
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Upwork's Q3 2024 revenue guidance of $179M-$184M is below the $193M estimate, which may negatively impact the stock price. However, the adjusted EPS guidance of $0.23-$0.25 is in line with expectations.
The revenue guidance falling short of estimates is likely to be viewed negatively by investors, potentially leading to a short-term decline in the stock price. The in-line EPS guidance may provide some support but is unlikely to offset the negative sentiment from the revenue miss.
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