UiPath beats on revenue but its stock tanks after-hours
UiPath Inc.’s stock endured a wild swing after the company posted second-quarter revenue that beat analyst expectations.
The stock initially popped more than 10% right after the company reported, only to reverse course later. At the time of writing, the shares were down more than 7%.
The company reported earnings before certain costs such as stock compensation of 15 cents per share, matching Wall Street’s target. Revenue for the period rose 13%, to $410 million, well ahead of the $397.8 million analyst target. UiPath strengthened its bottom line, too. It reported net income of $36.1 million at the end of the quarter, up from a minuscule profit of just $1.6 million one year earlier.
Investors were likely encouraged by the company’s decision to raise its full-year outlook for fiscal 2027. It bumped up its revenue forecast from an earlier range of $1.776 billion to $1.781 billion to a new range of between $1.789 billion and $1.794 billion.
