Upwork Stock Is Surging Wednesday: What's Behind The Move?

Upwork Inc (NASDAQ:UPWK) shares are trading higher Wednesday morning after the company reported preliminary financial results and announced organizational changes.

What Happened: Upwork said it expects to report third-quarter revenue of approximately $194 million, above the company’s prior guidance range of $179 million to $184 million.

The company also expects to report third-quarter adjusted EBITDA of approximately $43 million, up from the previous guidance of $36 million to $39 million.

“We are pleased to announce preliminary results for the third quarter that exceed the top end of our guidance. These results demonstrate our commitment to execution on both top and bottom lines, driven by disciplined cost management and continuous improvement in ...