Upwork Inc. (UPWK) Misses Q3 EPS by 1c, Revenues Beat; FY18 Revenue Outlook Above Consensus

Upwork Inc. (NASDAQ: UPWK) reported Q3 EPS of ($0.04), $0.01 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $64.1 million versus the consensus estimate of $62.44 million.

“We are pleased that in our first earnings report as a public company we recorded strength across the business, driven by both new clients and expanded relationships with our core clients,” said Stephane Kasriel, CEO of Upwork. “Through our innovation, Upwork is a leading force in creating a better future of work. Our continued success is fueling our mission to create economic opportunities so people have better lives.”

GUIDANCE:

Upwork Inc. sees FY2018 revenue of $250.5-252 million, versus the consensus of $248.19 million.

For earnings history and earnings-related data on Upwork Inc. (UPWK) click here.

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