Why Upwork Stock Is Skyrocketing Today

Upwork (NASDAQ: UPWK) stock is soaring following the company's recent first-quarter earnings release. The gig-economy company's share price was up roughly 16% as of 9:45 a.m. ET Thursday.

Upwork published its Q1 results after the market closed on Wednesday, delivering sales and earnings performance for the period that came in well above the market's expectations. The business posted a non-GAAP (adjusted) loss per share of $0.03 on revenue of $141.34 million in the period, while the average analyst estimate had called for an adjusted loss of $0.14 per share on revenue of $135.76 million. 

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Source Fool.com