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$7.5M Stock Buyback Ignites Equillium; Upbeat Earnings Boost Upwork

  • August 03rd, 2023
  • 429 views

Shares of Equillium, Inc. (Nasdaq: EQ) surged in the extended session after the company announced an up to $7.5 million stock buyback program.

$EQ was trading at $0.96 in after-hours, up $0.21 (+28.01%)

In other news, Upwork Inc. (Nasdaq: UPWK) released its Q2 2023 financial results, revealing earnings per share (EPS) of $0.10 and revenues of $168.60 million, significantly surpassing the consensus estimate of $0.01 on revenues of $162.71 million.

Looking ahead, Upwork anticipates a strong full-year 2023 performance, forecasting adjusted EPS to range from $0.36 to $0.39, outpacing the consensus projection of $0.26 for the period.

In after-hours, $UPWK was trading at $11.90, up $1.93 (+19.36%)

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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