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Automation software company UiPath (PATH) shares plunged over 27% wiping out more than $4 billion in market cap after earnings. $PATH beat by $0.02 an
[See the full post at: What Can Happen with Overpriced IPOs, Down the Beaten Path, UiPath Earnings]UiPath beats by $0.09, beats on revs; guides OctQ revs below consensus; guides FY23 revs below consensus
$PATH down 16.1%UiPath was down 4.2% premarket after reaffirmed previous guidance and delivered 2024 targets of 18% year-over-year growth for both revenue and ARR of $1,185 million and $1,360 million, which are below current forecast estimates for revenue of $1.25 billion and ARR of $1.442 billion.
$PATH Pre-market 13.20 −0.24 (1.79%)
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