TaskUs Shares Drop on Revised Guidance 
<p><a href='https://financialmodelingprep.com/financial-summary/TASK'>TaskUs, Inc. (NASDAQ:TASK)</a> shares were trading more than 4% lower intra-day today after the company reported its Q1 earrings results. While both EPS of $0.32 and revenues of $235.3 million came in better than the Street estimates of $0.27 and $232.35 million, respectively, the company cuts its full-year guidance. This was due to continued cost rationalization from key clients, increasing focus on pivoting to offshore work, and further lengthening of sales cycles.</p>
<p>2023 guidance now calls for revenue of $925–$950 million (previously $940– $990 million) and an adjusted EBITDA margin of 23.5% (previously 23%).</p>

NASDAQ:TASK