UiPath stock dropped more than 4% in premarket trading

Tiger Newspress2021-12-09

UiPath stock dropped more than 4% in premarket trading even as the “software robots” provider’s quarterly results topped Wall Street expectations.

The company reported a third-quarter loss of $122.8 million, or 23 cents a share, compared with a loss of $70.8 million, or 41 cents a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were break-even a share, compared with a loss of 4 cents a share in the year-ago period.

Revenue rose to $220.8 million from $147.3 million in the year-ago quarter. The company’s annualized renewal run rate, or ARR, rose 58% to $818.4 million from a year ago. ARR is a metric often used by software-as-a-service companies to show how much revenue the company can expect based on subscriptions.

Analysts surveyed by FactSet had forecast a loss of 4 cents a share on revenue of $208.3 million and an ARR of $797.9 million, based on UiPath’s forecast revenue of $207 million to $209 million and ARR of $796 million to $798 million for the third quarter.

UiPath forecast revenue of $281 million to $283 million and ARR of $901 million to $903 million for the fourth quarter, while analysts expect revenue of $281.5 million and ARR of $880.3 million.

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精彩评论

  • ragdoll99
    2021-12-09
    ragdoll99
    Although i like this company(business nature, products), i don't dare to invest it without proper PE ratio. For risk taker.
  • Calvinchin
    2021-12-09
    Calvinchin
    👌🏼 yea 
  • Jdheng1
    2021-12-09
    Jdheng1
    Liked
  • aaahua
    2021-12-09
    aaahua
    Another victim of market sentiments and shortlist heaven. 
  • hpt
    2021-12-09
    hpt
    Ok
  • nctony
    2021-12-09
    nctony
    Buy buy buy[Miser] 
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