Upwork UPWK reported its Q3 earnings results on Tuesday, November 7, 2023 at 04:10 PM.
Here's what investors need to know about the announcement.
Earnings
Upwork beat estimated earnings by 110.0%, reporting an EPS of $0.21 versus an estimate of $0.1.
Revenue was up $17.09 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.09 which was followed by a 44.23% increase in the share price the next day.
Here's a look at Upwork's past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.01 | -0.07 | -0.03 | -0.08 |
| EPS Actual | 0.10 | -0.01 | 0.04 | -0.03 |
| Revenue Estimate | 162.71M | 158.99M | 159.29M | 157.34M |
| Revenue Actual | 168.61M | 160.86M | 161.44M | 158.64M |
To track all earnings releases for Upwork visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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