UiPath: Fiscal Q3 Earnings Snapshot

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NEW YORK (AP) — NEW YORK (AP) — UiPath Inc. (PATH) on Thursday reported a loss of $10.7 million in its fiscal third quarter.

On a per-share basis, the New York-based company said it had a loss of 2 cents. Earnings, adjusted for one-time gains and costs, were 11 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The enterprise automation software developer posted revenue of $354.7 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $347.6 million.

For the current quarter ending in January, UiPath said it expects revenue in the range of $422 million to $427 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PATH at https://www.zacks.com/ap/PATH