What’s happening with UiPath stock ahead of earnings? – UiPath (NYSE:PATH)

UiPath, Inc. (NYSE:PATH) shares are falling on Wednesday ahead of the release of the company’s first-quarter earnings report. Here’s what’s happening.

What to know:

UiPath is scheduled to release first-quarter financial results after the bell on Wednesday. Analysts expect UiPath to post earnings per share of 12 cents and quarterly revenue of $333.039 million, according to Benzinga Pro estimates. Last quarter, the company reported earnings per share of 22 cents, beating estimates by 37.5%, and revenue of $383.826 million, which was 5.58% above analyst estimates.

Last week, UiPath unveiled the UiPath Business Automation Platform, one of the first ecosystem partnerships with Copilot for Microsoft 365 and Microsoft Teams.

“Our collaboration with Microsoft integrates UiPath automation to enable potentially millions of Microsoft users to expand their automation capabilities within Microsoft Copilot by accessing GenAI and specialized AI models with UiPath,” he said Graham SheldonChief Product Officer at UiPath.

“We strive to accelerate human achievement through our end-to-end automation platform that enables every knowledge worker to automate processes, every developer to create richer user experiences, and every company to power transformed digital workspaces with AI and automation.”

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UiPath shares are rising on heavy trading volume as investors await the company’s earnings report. According to Benzinga Pro data, over 10.89 Million shares were traded during the session, while the company’s 100-day average is 7.256 Million shares.

PATH price action: UiPath shares were down 1.78% at $18.42 at press time on Wednesday, according to Benzinga Pro.

Photo: Courtesy of UiPath, Inc.