UiPath Delivers Top- And Bottom-Line Beat, Shares Slide: What's Going On?
Portfolio Pulse from Adam Eckert
UiPath Inc (NYSE:PATH) reported better-than-expected Q1 financial results, with revenue increasing 18% YoY to $289.59 million and earnings of 11 cents per share. However, shares slid in after-hours trading due to lower Q2 operating income guidance of $10 million.
May 24, 2023 | 8:38 pm
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UiPath's Q1 results beat estimates, but shares fell due to lower Q2 operating income guidance of $10 million.
UiPath reported strong Q1 results, beating both revenue and earnings estimates. However, the company's lower-than-expected Q2 operating income guidance of $10 million led to a decline in share price. This indicates that investors are concerned about the company's short-term profitability, which could negatively impact the stock price in the short term.
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