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Investing.com - Upwork reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Upwork announced earnings per share of $-0.04 on revenue of $156.90. Analysts polled by Investing.com EPS of $-0.09 on revenue of $157.34M.
Upwork 's are down 4.3% and is trading at $12.30 , still down 79.57% from its 52 week high of $61.87 set on Tuesday, October 26, 2021.
Upwork shares lost 2.69% to trade at $12.30 in after-hours trade the report.
Upwork follows other major Industrials sector earnings this month
Upwork's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.99 on revenue of $24.2B, EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday with third quarter EPS of $1.21 on revenue of $17B, for EPS of $1.14 on revenue of $17.31B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar