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Here's Why TaskUs Stock Got Hammered Today

Shares of work-outsourcing company TaskUs (NASDAQ: TASK) got hammered on Tuesday after the company reported financial results for the second quarter of 2022. In Q2, TaskUs generated revenue of nearly $247 million, up roughly 37% from the same quarter of 2021. In other words, even though Q2 results were better than expected, second-half demand is falling off more than management anticipated just three months ago.