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Recap: Upwork Q2 Earnings

Upwork (NASDAQ:UPWK) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Upwork beat estimated earnings by 50.0%, reporting an EPS of $-0.04 versus an estimate of $-0...

Benzinga · 07/27/2022 17:43

Upwork (NASDAQ:UPWK) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Upwork beat estimated earnings by 50.0%, reporting an EPS of $-0.04 versus an estimate of $-0.08.

Revenue was up $32.72 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.1 which was followed by a 12.13% increase in the share price the next day.

Here's a look at Upwork's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.13 -0.05 0.01 -0.09
EPS Actual -0.03 -0.05 0.04 0.03
Revenue Estimate 136.47M 131.77M 126.60M 120.24M
Revenue Actual 141.34M 136.86M 128.14M 124.18M

To track all earnings releases for Upwork VISIT THEIR EARNINGS CALENDAR HERE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.