UiPath earnings top Wall Street view, forecast less so

📆 6/09/2023 6:35 p. m.
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UiPath Inc. shares initially fell under pressure in the extended session Wednesday after the AI startup’s forecast overshadowed its earnings beat. UiPath...

UiPath Inc.

shares initially fell under pressure in the extended session Wednesday after the AI startup’s forecast overshadowed its earnings beat. UiPath shares declined as much as 2%, but were last up 4.5%, following a 0.3% rise to close the regular session at $16.22. The company reported a second-quarter loss of $60.4 million, or 11 cents a share, compared with a loss of $120.4 million, or 22 cents a share, in the year-ago period.

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