Shares of freelance network company Fiverr International (NYSE: FVRR) have jumped 16.5% this week as of 11:20 a.m. EST, according to data provided by S&P Global Market Intelligence . The company reported earnings from the third quarter of 2021 , providing fuel for the gains. Results beat expectations, which is great, but they also showed that the freelance economy is thriving although many working-from-home stocks may be slowing down.
Revenue was up 42% from a year ago to $74.3 million and non-GAAP net income was $7.7 million, or $0.21 per share, which both easily beat estimates. But it's guidance that should really leave investors encouraged.
Image source: Getty Images.
For further details see:
Why Fiverr Stock Jumped 16.5% This Week