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Benzinga

Business

Avi Kapoor

Why UiPath Shares Are Trading Higher By Around 9%; Here Are 20 Stocks Moving Premarket

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Shares of UiPath Inc. (NYSE:PATH) rose sharply in pre-market trading after the company reported upbeat third-quarter financial results and issued fourth-quarter sales guidance with its midpoint above estimates.

UiPath reported quarterly adjusted earnings of 16 cents per share, which beat the Street estimate of 15 cents per share. Quarterly revenue clocked in at $411.11 million, which beat the consensus estimate of $392.97 million and was up from revenue of $354.65 million from the same period last year.

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