00:00It's Benzinga bringing Wall Street to Main Street.
00:02Upwork shares surged by 12.4% in After Hours Trading Monday
00:07after the company reported third quarter earnings and revenue above Wall Street expectations
00:12and raised its full year outlook, according to Benzinga.
00:16Earnings reached 40 cents per share, beating estimates of 32 cents.
00:21Revenue totaled $185.599 million, above expectations of $180.219 million.
00:30However, gross sales volume fell 10.1% year over year.
00:35Gross sales volume from freelancers with AI skills rose 55%.
00:40Upwork also launched Upwork Now, opening its marketplace to AI agents.
00:45The company raised its full year earnings forecast to between $1.45 and $1.47 per share.
00:54Upwork also tightened its revenue outlook to between $742 million and $750 million.
01:01For all things money, visit Benzinga.com.
