Here’s What Fueled These 10 Firms’ Surge

4. Upwork Inc. (NASDAQ:UPWK)

Upwork Inc. saw its share prices surge by 18.02 percent on Tuesday to finish at $15.72 apiece as investor sentiment was buoyed by its strong earnings performance in the first quarter of the year.

In its latest earnings release, the world’s largest jobs marketplace more than doubled its net income to $37.7 million versus the $18.4 million in the same period last year. Earnings per share ended at $0.27 versus the $0.13 year-on-year and beating analysts’ expectations.

Meanwhile, revenues inched up by 1 percent to $166 million from $164 million in the same period a year ago.

“With positive momentum across our business and a winning strategy for AI innovation, we are confident in our path to expand market share, drive ongoing profitability, and continue to be the category leader at the intersection of talent, technology and work,” said Upwork Inc. (NASDAQ:UPWK) President and CEO Hayden Brown.

Looking ahead, the company expects full-year revenues to settle anywhere between $740 million and $760 million, and from $184 million to $189 million for the second quarter of the year.