U.S. markets closed
  • S&P 500

    4,247.44
    +8.26 (+0.19%)
     
  • Dow 30

    34,479.60
    +13.36 (+0.04%)
     
  • Nasdaq

    14,069.42
    +49.09 (+0.35%)
     
  • Russell 2000

    2,335.81
    +24.40 (+1.06%)
     
  • Crude Oil

    70.78
    +0.49 (+0.70%)
     
  • Gold

    1,879.50
    -16.90 (-0.89%)
     
  • Silver

    28.05
    +0.02 (+0.07%)
     
  • EUR/USD

    1.2107
    -0.0071 (-0.58%)
     
  • 10-Yr Bond

    1.4620
    +0.0030 (+0.21%)
     
  • GBP/USD

    1.4117
    -0.0060 (-0.42%)
     
  • USD/JPY

    109.6350
    +0.2870 (+0.26%)
     
  • BTC-USD

    35,011.93
    -177.24 (-0.50%)
     
  • CMC Crypto 200

    924.19
    -17.62 (-1.87%)
     
  • FTSE 100

    7,134.06
    +45.88 (+0.65%)
     
  • Nikkei 225

    28,948.73
    -9.83 (-0.03%)
     

Why Upwork Stock Dropped After Earnings

·2 min read
Why Upwork Stock Dropped After Earnings
  • Oops!
    Something went wrong.
    Please try again later.

Shares of Upwork (NASDAQ: UPWK) were down a discouraging 12% at 11:50 a.m. EDT today, despite the freelance-jobs marketplace reporting better-than-expected sales and earnings in its first-quarter 2021 financial report, released last night. Analysts had forecast that Upwork would lose $0.04 per share, pro forma, on $108.9 million in revenue for its first fiscal quarter of 2021. Instead, Upwork reported a surprise $0.03 per share profit, pro forma, and sales of $113.6 million.