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Why Upwork Stock Rose Today

TheMotleyFool

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Shares of Upwork Inc. (NASDAQ: UPWK), a platform for freelancers, jumped today on no company-specific news. However, the stock may be rising following Upwork's strong November share-price gains.

The tech stock spiked by as much as 11.5% today and ended the trading day up 8.5%.

Upwork's shares skyrocketed in November after the company released third-quarter figures. Sales increased 24% year over year to $96.7 million, outpacing analysts' consensus estimate of $90.4 million. The company's non-GAAP earnings of $0.04 also beat Wall Street's estimate of a loss of about $0.06 per share.

Source Fool.com

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