Taskus climbs on Q3 results beat

Taskus

08/11/2022 12:59

** Shares of digital services provider Taskus Inc  TASK.O 
up 6.2% at $17 after Q3 results beat
    ** Co reports Q3 earnings of 35 cents/shr, beating analysts'
estimates of 29 cents/shr as per Refinitiv IBES data
    ** Co's reported Q3 revenue also beats market expectations,
Refinitiv data shows
    ** Co-founder and CEO Bryce Maddock cites acceleration in
deal activity by both new and existing clients looking to
leverage co's global delivery footprint
    ** Seven of nine brokerages rate the stock "buy" or higher,
two "hold"; their median PT is $24 - Refinitiv data
    ** Up to Monday's close, stock had fallen 70.3% YTD compared
with a 31.2% decline in the Nasdaq Industrial index  .IXID 
 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))