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Upwork Shares Decline after Announcing Search for New CFO

By Sam Boughedda Upwork Inc. (NASDAQ:UPWK) announced Thursday that it has launched a search for a new Chief Financial Officer. The freelancing platform company said in a press...
Upwork Shares Decline after Announcing Search for New CFO © Reuters. Upwork (UPWK) Shares Decline after Announcing Search for New CFO
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By Sam Boughedda

Upwork Inc. (NASDAQ:UPWK) announced Thursday that it has launched a search for a new Chief Financial Officer.

The freelancing platform company said in a press release that its current CFO Jeff McCombs, who has held the role since August 2020, will remain with the company until the end of the calendar year to support the transition plan.

"Jeff's deep experience and finance expertise has helped put Upwork in a position of strength for its next chapter, and it has been a pleasure to work alongside him. Jeff and I both agree that now is the right time for a transition, as Upwork continues innovating, evangelizing, and scaling the world's work marketplace," commented Hayden Brown, President and Chief Executive Officer of Upwork.

Upwork shares are down over 7% Thursday. In the last 12 months, the company's stock price has declined by over 72.6%.

Upwork reaffirmed its third-quarter guidance within the same press release, expecting revenue between $156 million and $158 million and an adjusted loss per share between $0.06 and $0.08.

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net_home_top Ai VIF
27-09-2022 14:43:52 (UTC+7)

EUR/USD

0.9657

+0.0051 (+0.53%)

Summary

↑ Buy

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Buy (11)

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Indicators:

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EUR/USD

0.9657

+0.0051 (+0.53%)

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↑ Buy

Moving Avg:

Buy (11)

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GBP/USD

1.0803

+0.0119 (+1.11%)

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Sell

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USD/JPY

144.29

-0.47 (-0.32%)

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Neutral

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Buy (4)

Sell (8)

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Buy (5)

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AUD/USD

0.6493

+0.0040 (+0.61%)

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↑ Sell

Moving Avg:

Buy (3)

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USD/CAD

1.3657

-0.0076 (-0.55%)

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EUR/JPY

139.32

+0.28 (+0.20%)

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EUR/CHF

0.9547

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1,645.55

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18.672

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3.3418

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78.14

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84.34

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1,664.34

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130.50

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    EUR/USD 0.9657 ↑ Buy  
    GBP/USD 1.0803 Sell  
    USD/JPY 144.29 Neutral  
    AUD/USD 0.6493 ↑ Sell  
    USD/CAD 1.3657 Buy  
    EUR/JPY 139.32 ↑ Buy  
    EUR/CHF 0.9547 ↑ Buy  
    Gold 1,645.55 ↑ Sell  
    Silver 18.672 Sell  
    Copper 3.3418 Neutral  
    Crude Oil WTI 78.14 ↑ Buy  
    Brent Oil 84.34 ↑ Buy  
    Natural Gas 7.170 ↑ Buy  
    US Coffee C 222.48 ↑ Sell  
    Euro Stoxx 50 3,391.25 ↑ Buy  
    S&P 500 3,655.04 ↑ Sell  
    DAX 12,393.21 ↑ Buy  
    FTSE 100 7,074.90 ↑ Buy  
    Hang Seng 17,857.00 Neutral  
    Small Cap 2000 1,664.34 ↑ Buy  
    IBEX 35 7,571.75 ↑ Buy  
    BASF 40.295 ↑ Buy  
    Bayer 49.20 Neutral  
    Allianz 166.84 Sell  
    Adidas 130.50 Neutral  
    Lufthansa 5.816 ↑ Buy  
    Siemens AG 100.31 ↑ Buy  
    Deutsche Bank AG 8.530 ↑ Sell  
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Cập nhật 27-09-2022 14:43:56
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$1,639.13 +11.17 0.69%
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Sản phẩm Vùng 1 Vùng 2
RON 95-V23.26023.720
RON 95-III22.58023.030
E5 RON 92-II21.78022.210
DO 0.05S22.53022.980
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Dầu hỏa 2-K22.44022.880
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$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.560,0023.870,00
EUR22.265,3423.511,65
GBP24.894,1725.955,20
JPY159,88169,26
KRW14,3517,49
Cập nhật lúc 13:49:13 27/09/2022
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