Upwork (NASDAQ:UPWK) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Upwork beat estimated earnings by 85.71%, reporting an EPS of $-0.01 versus an estimate of $-0.07.
Revenue was up $19.52 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.07 which was followed by a 15.28% drop in the share price the next day.
Here’s a look at Upwork’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.03 | -0.08 | -0.08 | -0.13 |
| EPS Actual | 0.04 | -0.03 | -0.04 | -0.03 |
| Revenue Estimate | 159.29M | 157.34M | 147.80M | 136.47M |
| Revenue Actual | 161.44M | 158.64M | 156.90M | 141.34M |
To track all earnings releases for Upwork visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
