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Upwork: 4Q Earnings Snapshot

February 26, 2020 GMT

SANTA CLARA, Calif. (AP) _ Upwork Inc. (UPWK) on Wednesday reported a loss of $5.5 million in its fourth quarter.

On a per-share basis, the Santa Clara, California-based company said it had a loss of 5 cents.

The online freelance marketplace operator posted revenue of $80.3 million in the period.

For the year, the company reported that its loss narrowed to $16.7 million, or 15 cents per share. Revenue was reported as $300.6 million.

For the current quarter ending in April, Upwork said it expects revenue in the range of $81.5 million to $82.5 million.

The company expects full-year revenue of $340 million.

Upwork shares have declined 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.15, a drop of 64% in the last 12 months.

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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