Upwork reported quarterly earnings of 20 cents per share which beat the analyst consensus estimate of 17 cents by 17.65%. The company reported quarterly sales of $183.9 million, beating the analyst consensus estimate of $178.16 million by 3.22% and representing a 13.91% increase over sales of $161.44 million from the same period last year.
Upwork's guidance for revenue, adjusted EBITDA, diluted weighted-average shares outstanding, and non-GAAP diluted EPS for the first quarter of 2024 is:Revenue: $183 million to $188 million, representing year-over-year
Companies Reporting Before The Bell
• Sony Group (NYSE:SONY) is projected to report quarterly earnings at $1.65 per share on revenue of $24.62 billion.
Shares of RxSight, Inc. (NASDAQ: RXST) rose sharply during Monday’s session after the company issued preliminary FY23 and FY24 revenue guidance above estimates.
Also, Needham maintained a Buy rating on the stock and raised its price target from $35 to $41.