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UiPath stock falls following earnings beat, outlook hike

Dow Jones2021-09-08

UiPath shares fell over 6% in premarket trading Wednesday even as the "software robots" provider topped Wall Street estimates and raised its outlook for the year.

UiPath $(PATH.UK)$ shares dropped 6% in premarket trading Wednesday, following a 1.4% decline in the regular session to close at $62.46 Tuesday. Following UiPath's first earnings report as a public company about three months ago, shares fell the next day.

The company reported a second-quarter loss of $100 million, or 19 cents a share, versus net income of $5 million in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were a penny a share, compared with 3 cents a share in the year-ago period.

Revenue rose to $195.5 million from $139.4 million in the year-ago quarter. The company's annualized renewal run rate, or ARR, rose 60% to $726.5 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 5 cents a share on revenue of $184.3 million and an ARR of $703.8 million, based on UiPath's forecast revenue of $180 million to $185 million and ARR of $702 million to $704 million for the second quarter.

Read: UiPath IPO: 5 things to know about the 'software robots' company valued at nearly $30 billion

UiPath forecast revenue of $207 million to $209 million and ARR of $796 million to $798 million for the third quarter, while analysts expect revenue of $205.8 million and ARR of $776.8 million.

For the year, UiPath expects ARR between $876 million and $881 million, up from a previous forecast of $850 million to $855 million. Analysts estimate $854.8 million.

UiPath's stock made its debut on the New York Stock Exchange back in April. As of Tuesday's close, shares are about 12% above their IPO price of $56 a share.

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评论18

  • Mikaelocw
    ·2021-09-09
    Wait for a dip to enter 
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  • HermanL
    ·2021-09-08
    Consider to enter now
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  • SquareGuy
    ·2021-09-08
    Why drop ?
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  • me0w9
    ·2021-09-08
    like n comment
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  • 火星投资狼
    ·2021-09-08
    Ohhhh
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    收起
  • JoeK
    ·2021-09-08
    Ok
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  • CCYMoney
    ·2021-09-08
    Like
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  • IZLIN
    ·2021-09-08
    回复
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    收起
    • Meow17
      Wow ok
      2021-09-09
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  • Portfolio50
    ·2021-09-08
    Is sept going to be a bad month as many articles have suggested?  Stocks go down just because it is sept, nevermind that the results are good?[冷漠] 
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  • Frozenjs
    ·2021-09-08
    Uipath is overpriced, will consider buying if it dips to $50ish 
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    • JustStonks
      Same. I have no position in Uipath and I think its is too pricy for my liking. Cathie Wood has been buying a lot. Probably thats why it is overvalued at the moment. Might start a position if drop more
      2021-09-08
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    • chloectf
      agreed
      2021-09-08
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    • Viboon
      👍
      2021-09-08
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  • STKG
    ·2021-09-08
    Good to know
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    • JoeK
      ok
      2021-09-08
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  • Mavechin
    ·2021-09-08
    So why the drop? 
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    • Mavechin
      Shitty stock
      2021-09-09
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  • JCKL488
    ·2021-09-08
    Not time yet to buy the dip 
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  • Jfierydragon
    ·2021-09-08
    Like n coment
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  • June_C
    ·2021-09-08
    Ohh
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    收起
  • LEEPK
    ·2021-09-08
    Buy?
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    收起
    • JackTL
      why drop
      2021-09-08
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  • Asim
    ·2021-09-08
    LikeAnd comment
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    收起
    • Rontjk
      Me too
      2021-09-08
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    • lauwl97460
      ok
      2021-09-08
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    • KopiLim
      For me too
      2021-09-08
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  • RyanShine
    ·2021-09-08
    Dude !!
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