Upwork Inc. (UPWK) revealed earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $37.73 million, or $0.27 per share. This compares with $18.44 million, or $0.13 per share, last year.
Excluding items, Upwork Inc. reported adjusted earnings of $48.37 million or $0.34 per share for the period.
Analysts on average had expected the company to earn $0.27 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 0.9% to $192.706 million from $190.937 million last year.
Upwork Inc. earnings at a glance (GAAP) :
-Earnings: $37.73 Mln. vs. $18.44 Mln. last year.
-EPS: $0.27 vs. $0.13 last year.
-Revenue: $192.706 Mln vs. $190.937 Mln last year.
For comments and feedback: editorial@rttnews.com