Shares of Upwork (NASDAQ: UPWK) gained 77.3% in November 2020, according to data from S&P Global Market Intelligence . The operator of a marketplace for freelance services absolutely crushed Wall Street's expectations with its third-quarter report.
Upwork's third-quarter sales grew 24% year over year to $96.7 million. Adjusted earnings jumped from $0.01 per share to $0.04 per share. The average analyst was forecasting a net loss of roughly $0.06 per share on revenue near $90.4 million. Looking ahead, management's sales guidance for the fourth quarter landed at $96.8 million. On that front, the Street has been predicting revenues in the neighborhood of $93 million.
On your mark, get set, go! Image source: Getty Images.
For further details see:
How Upwork Shares Rose 77% Last Month