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Benzinga

Business

Adam Eckert

Why UiPath Stock Is Falling

UiPath Path NYSE UiPath Inc

UiPath Inc (NYSE:PATH) is trading significantly lower Thursday morning after the company reported financial results and issued guidance below analyst estimates.

UiPath said fourth-quarter revenue increased 39% year-over-year to $289.7 million, which beat the $283.57 million estimate. The company reported quarterly adjusted earnings of 5 cents per share, which beat the estimate of 3 cents per share.

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