NEW YORK (AP) — NEW YORK (AP) — UiPath Inc. (PATH) on Thursday reported a loss of $86.1 million in its fiscal second quarter.
The New York-based company said it had a loss of 15 cents per share. Earnings, adjusted for stock option expense and restructuring costs, came to 4 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The enterprise automation software developer posted revenue of $316.3 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $302.9 million.
For the current quarter ending in October, UiPath said it expects revenue in the range of $345 million to $350 million.
The company expects full-year revenue in the range of $1.42 billion to $1.43 billion.
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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
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