UiPath Q2 Adj $0.04 Beats $0.03 Estimate, Sales $316.25M Beat $303.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
UiPath reported Q2 earnings of $0.04 per share, beating the $0.03 estimate, and sales of $316.25M, surpassing the $303.67M estimate. Despite a decrease in earnings per share from last year, sales increased by 10.07%.
September 05, 2024 | 8:11 pm
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UiPath's Q2 earnings per share of $0.04 exceeded expectations, though they decreased from last year. Sales also surpassed estimates, showing a 10.07% increase year-over-year.
UiPath's earnings and sales both exceeded analyst expectations, which is typically a positive indicator for stock performance. The increase in sales by 10.07% year-over-year suggests growth, although the decrease in EPS compared to last year may temper enthusiasm. Overall, the positive earnings surprise and sales growth are likely to have a favorable short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100