Upwork Inc.
(NASDAQ:UPWK) shares are trading lower on Tuesday after it reported second-quarter earnings after Monday’s market close, although the results failed to impress investors.
Adjusted EPS was 41 cents, beating the 34 cents consensus estimate.
Revenue totaled $191.66 million, topping the $189.96 million analyst forecast but declining from $194.94 million in the year-ago quarter.
Earnings Snapshot Gross Services Volume (GSV) decreased 4% year-over-year to $966 million, reflecting pressure from AI automation, weaker new-client additions and a soft labor market.
