- Upwork ( NASDAQ: UPWK ) shares gained 2% premarket on Thursday after the work marketplace firm reaffirmed its third quarter 2022 guidance .
- The company continues to expects Q3 revenue between $156M and $158M vs. $157.34M consensus , adjusted EBITDA between -$7M and -$9M and adj basic and diluted loss per share between -$0.06 and -$0.08 vs. -$0.22 consensus.
- In addition, the company initiated a search for a new CFO. Current CFO Jeff McCombs will remain with the Company through the end of 2022 to support the transition plan.
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Upwork reaffirms Q3 guidance; initiates search for new CFO