UiPath shares are trading higher after the company reported better-than-expected Q2 financial results and issued FY25 revenue guidance above estimates. Also, the company announced a $500 million expansion of its stock repurchase program.
Portfolio Pulse from Benzinga Newsdesk
UiPath shares rise as the company reports strong Q2 results, surpasses FY25 revenue guidance expectations, and expands its stock repurchase program by $500 million.
September 06, 2024 | 11:27 am
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UiPath's stock is trading higher due to better-than-expected Q2 results, FY25 revenue guidance above estimates, and a $500 million expansion of its stock repurchase program.
The positive Q2 results and FY25 guidance suggest strong business performance, which is likely to boost investor confidence. The $500 million stock repurchase program expansion indicates the company's commitment to returning value to shareholders, further supporting the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100