UiPath Inc. (PATH) PT Raised to $18.50 at Wolfe Research
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UiPath (PATH) Shares Gain 10% on 'Good' Results Relative to Expectations
June 2, 2022 7:21 AM EDTShares of UiPath (NYSE: PATH) are down over 10% in premarket trading Thursday after the company reported Q1 results and released a Q2 forecast.
UiPath reported a Q1 adjusted loss per share of 3c, compared to the estimated loss per share of 5.6c. Total revenue in the quarter stood at $245.1 million, while Q1 annual recurring revenue (ARR) totaled $977.1 million.
For the second quarter, UiPath expects revenue in the range of $229 million to $231 million, while analysts were looking for $228.8 million. The company expects... More
