Upwork Inc UPWK shares are trading lower by 10.5% at $51.48 Friday afternoon after the company reported second-quarter earnings results and issued third-quarter and FY21 guidance.
Upwork reported quarterly earnings of 3 cents per share which beat the analyst consensus estimate of a loss of 9 cents per share.
Upwork also reported quarterly sales of $124.20 million which beat the analyst consensus estimate of $120.24 million.
Upwork is a United States-based company that operates an online marketplace that enables businesses to find and work with highly-skilled independent professionals.
Upwork has a 52-week high of $64.49 and a 52-week low of $13.09.
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