Why Upwork Stock Jumped This Week
Shares of Upwork (NASDAQ: UPWK), the online employment marketplace, popped this week after the company reported sales and earnings that were better than Wall Street's consensus estimates and after management issued strong guidance for the full year.
Upwork's shares were up 12% as of this writing, contributing to the stock's 30% gain over the past 12 months.
Investors were optimistic about Upwork after the company reported revenue of $193.8 million, up more than 10% from the year-ago quarter and ahead of analysts' consensus estimate of $182 million. The company's non-GAAP earnings per share of $0.29 also outpaced Wall Street's estimate of $0.23, and was a significant jump from earnings of $0.21 in the year-ago quarter.
Source Fool.com
