Why UiPath Stock Popped Today
Shares of UiPath (NYSE: PATH) were jumping today after the robotic process automation software specialist posted its second-quarter earnings report. The company beat analysts' estimates on the top and bottom lines and modestly raised its guidance for the year.
As of 1 p.m. ET, the stock was up 10.3%.
In a challenging environment for the software industry, UiPath's revenue rose 19% to $287.3 million, which was ahead of analysts' estimates for $282.1 million.
Source Fool.com
