NEW YORK (AP) — NEW YORK (AP) — UiPath Inc. (PATH) on Wednesday reported a loss of $28.7 million in its fiscal first quarter.
The New York-based company said it had a loss of 5 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 13 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The enterprise automation software developer posted revenue of $335.1 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $332.8 million.
For the current quarter ending in July, UiPath said it expects revenue in the range of $300 million to $305 million.
The company expects full-year revenue of $1.41 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PATH at https://www.zacks.com/ap/PATH
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
