UiPath Q2 Results: Top And Bottomline Beat, Stock Rises After Hours
Portfolio Pulse from Ryan Gustafson
UiPath Inc (NYSE:PATH) reported Q2 earnings of nine cents per share, beating the analyst consensus estimate of three cents. The company also reported quarterly sales of $287.00 million, beating the analyst consensus estimate of $282.14 million. UiPath announced a $500 million stock repurchase program and estimated Q3 revenue to be between $313 million and $318 million. The company's shares rose in after-hours trading.
September 06, 2023 | 8:57 pm
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POSITIVE IMPACT
UiPath's Q2 earnings and sales beat estimates, and the company announced a $500 million stock repurchase program. This positive news led to a rise in the company's stock price in after-hours trading.
UiPath's better-than-expected Q2 earnings and sales, along with the announcement of a $500 million stock repurchase program, are positive news for the company. This likely led to increased investor confidence, resulting in a rise in the company's stock price in after-hours trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100