UiPath Drops 5% Despite Q4 Beat

UiPath Drops 5% Despite Q4 Beat March 14, 2024, 10:40 a.m., readers: 3

UiPath (NYSE:PATH) saw its shares drop by 5% intra-day today despite the announcement of its Q4 earnings that surpassed analysts' expectations, alongside optimistic projections for 2025. In the fourth quarter, the company unveiled earnings per share (EPS) of $0.22, surpassing the expected $0.16. It also reported revenue of $405.25 million, higher than the anticipated $383.66 million, and achieved a non-GAAP gross margin of 89%. Looking into Q1/25, UiPath expects its revenue to range from $330 million to $335 million, which is below the analysts' forecast of $347.9 million. For the full year 2025, UiPath anticipates its revenue to fall between $1.555 billion and $1.56 billion, surpassing the market's expectation of $1.53 billion.

About NYSE: PATH

U iPath Inc. provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, and Japan. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. Its platform combines artificial intelligence with desktop recording, back-end mining of both human activity and system logs, and intuitive visualization tools, which enables users to discover, analyze, and identify processes to automate in a centralized portal;

Price: 19.41
Market cap: 11.0 billion USD
Eps: -0.16
P/e ratio: -121.31
Focus Analysis On: PATH