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Why Fiverr Stock Jumped 16.5% This Week

TheMotleyFool

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Shares of freelance network company Fiverr International (NYSE: FVRR) have jumped 16.5% this week as of 11:20 a.m. EST, according to data provided by S&P Global Market Intelligence. The company reported earnings from the third quarter of 2021, providing fuel for the gains. Results beat expectations, which is great, but they also showed that the freelance economy is thriving although many working-from-home stocks may be slowing down.

Revenue was up 42% from a year ago to $74.3 million and non-GAAP net income was $7.7 million, or $0.21 per share, which both easily beat estimates. But it's guidance that should really leave investors encouraged.

Image source: Getty Images.

Source Fool.com

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