Upwork: Q2 Earnings Snapshot – mySA

SAN FRANCISCO (AP) _ Upwork Inc. (UPWK) on Wednesday reported a loss of $23.8 million in its second quarter.

The San Francisco-based company said it had a loss of 18 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 4 cents per share.

The online freelance marketplace operator posted revenue of $156.9 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $148.3 million.

For the current quarter ending in October, Upwork expects its results to range from a loss of 8 cents per share to a loss of 6 cents per share.

The company said it expects revenue in the range of $156 million to $158 million for the fiscal third quarter.

Upwork expects full-year results to range from a loss of 17 cents per share to a loss of 15 cents per share, with revenue ranging from $612 million to $617 million.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UPWK at https://www.zacks.com/ap/UPWK

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