SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Upwork Inc. (UPWK) on Wednesday reported profit of $18.4 million in its first quarter.
On a per-share basis, the San Francisco-based company said it had net income of 13 cents. Earnings, adjusted for one-time gains and costs, were 22 cents per share.
The online freelance marketplace operator posted revenue of $190.9 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $186.7 million.
For the current quarter ending in June, Upwork expects its per-share earnings to range from 21 cents to 23 cents.
The company said it expects revenue in the range of $190 million to $195 million for the fiscal second quarter.
Upwork expects full-year earnings in the range of 88 cents to 92 cents per share, with revenue ranging from $770 million to $782 million.
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