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Why TaskUs Is Up 17% Wednesday

James Brumley, The Motley Fool
·1-min read
Why TaskUs Is Up 17% Wednesday

Shares of online customer service outfit TaskUs (NASDAQ: TASK) are up 17.5% at midday today following the release of the company's second-quarter results. For the three-month stretch ending in June -- its first quarter as a publicly traded entity -- TaskUs turned $180.0 million worth of sales into adjusted EBITDA of $44.1 million, up from the year-ago comps of $144.4 million and $26.4 million, respectively. It expects its EBITDA margin rate to contract just a little before recovering during the final quarter of the year.

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