5 Companies in The Limelight After Releasing Their Financial Results

In this article, we discuss 5 companies in the limelight after releasing their financial results. If you want to read our detailed analysis of several other trending companies, go directly to 11 Companies in The Limelight After Releasing Their Financial Results.

5. UiPath Inc. (NYSE:PATH)

Number of Hedge Fund Holders: 28

Shares of UiPath Inc. (NYSE:PATH) recently fell to an all-time low after the company issued a weak sales outlook along with its Q4 results. The software company expects to generate revenue in the range of $223 – $225 million for the current quarter, below analysts’ average estimate of $243 million.

The weak guidance overshadowed UiPath’s better-than-expected results for its fiscal fourth quarter. UiPath Inc. (NYSE:PATH) reported adjusted earnings of $0.05 per share on revenue of $289.7 million. The results exceeded the consensus estimates of $0.03 per share for earnings and $283.57 million for revenue.

Speaking on the results, CEO of UiPath Inc. (NYSE:PATH), Daniel Dines, said:

“The UiPath team delivered a strong finish to fiscal year 2022 with fourth quarter net new ARR reaching a record $107 million, an increase of 72 percent year-over-year. We believe this is a testament to our highly differentiated end-to-end platform.”