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Upwork: 3Q Earnings Snapshot

SANTA CLARA, Calif. (AP) _ Upwork Inc. (UPWK) on Wednesday reported a loss of $2.8 million in its third quarter.

On a per-share basis, the Santa Clara, California-based company said it had a loss of 3 cents.

The online freelance marketplace operator posted revenue of $78.8 million in the period.

For the current quarter ending in December, Upwork said it expects revenue in the range of $79 million to $79.5 million.

The company expects full-year revenue in the range of $301 million to $301.5 million.

Upwork shares have dropped 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.07, a decline of 22% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UPWK at https://www.zacks.com/ap/UPWK