Stock Track | TaskUs Stock Surges 6% on Strong Q3 Revenue Growth

Stock Track11-08

Shares of TaskUs Inc. (NASDAQ: TASK) soared 6.31% on Wednesday after the digital outsourcing services provider reported better-than-expected revenue for the third quarter. The strong top-line growth outweighed earnings that were in line with expectations.

TaskUs posted Q3 2024 revenue of $255.3 million, beating analyst estimates of $245.5 million and marking a 13.15% increase from the same period last year. Earnings per share came in at $0.14, meeting consensus forecasts.

The company has benefited from robust demand for its outsourced digital services like content moderation and customer experience. With the shift to digital accelerating across industries, analysts expect TaskUs' revenue growth momentum to continue into 2025 as it expands its client base and service offerings.

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