These Analysts Raise Their Forecasts On Upwork Following Strong Earnings

Upwork Inc. (NASDAQ:UPWK) reported better-than-expected third-quarter results after Wednesday’s closing bell.

Upwork reported quarterly earnings of 29 cents per share, which beat the analyst consensus estimate of 26 cents. Quarterly revenue came in at $193.8 million, which beat the analyst consensus estimate of $185.85 million and is an increase over sales of $175.73 million from the same period last year.

The company also announced a $100 million share repurchase program.

"Upwork continues to seize the tremendous market opportunity and execute our strategy to deliver durable, profitable growth, with 10% year-over-year revenue growth and our highest-ever net income in the third quarter," said Hayden Brown, president and CEO of ...

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