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 anticipated EPS of $-0.09 on revenue of $157.34M.
Upwork shares are down 4.3% from the beginning of the year and are trading at $12.30 , down-from-52-week-high.
Upwork shares lost 2.69% 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, compared to forecasts 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, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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