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Benzinga
Benzinga
Business
Avi Kapoor

Why Upwork Shares Are Trading Higher By Over 22%; Here Are 20 Stocks Moving Premarket

Upwork Upwork Inc
New,Delhi,,India,-,February,04,,2020:,Using,Upwork,Application

Shares of Upwork Inc (NASDAQ:UPWK) rose sharply in pre-market trading after the company reported better-than-expected third-quarter financial results and issued fourth-quarter guidance above estimates. Also, the company raised its FY25 guidance above estimates.

Upwork reported quarterly earnings of 36 cents per share, which beat the Street estimate of 29 cents. Quarterly revenue came in at $201.73 million, which beat the analyst consensus estimate of $193.34 million. 

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