SANTA CLARA, Calif. (AP) _ Upwork Inc. (UPWK) on Tuesday reported a loss of $7.8 million in its first quarter.

On a per-share basis, the Santa Clara, California-based company said it had a loss of 6 cents.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The online freelance marketplace operator posted revenue of $113.6 million in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $108.5 million.

For the current quarter ending in July, Upwork said it expects revenue in the range of $119 million to $121 million.

The company expects full-year revenue in the range of $480 million to $490 million.

Upwork shares have risen 24% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $42.94, increasing fivefold 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