Upwork: 4Q Earnings Snapshot
SANTA CLARA, Calif. (AP) _ Upwork Inc. (UPWK) on Tuesday reported fourth-quarter net income of $925,000, after reporting a loss in the same period a year earlier.
The Santa Clara, California-based company said it had net income of 1 cent per share.
The online freelance marketplace operator posted revenue of $106.2 million in the period.
For the year, the company reported that its loss widened to $22.9 million, or 19 cents per share. Revenue was reported as $373.6 million.
For the current quarter ending in April, Upwork said it expects revenue in the range of $107 million to $109 million.
The company expects full-year revenue in the range of $460 million to $470 million.
Upwork shares have climbed 49% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $51.57, climbing sixfold 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