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Why UiPath Stock Was Falling Today

TheMotleyFool

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Why UiPath Stock Was Falling Today: https://g.foolcdn.com/editorial/images/699771/artificial-intelligence-investing-algorithms.jpg

Shares of UiPath (NYSE: PATH) were pulling back today after the robotic process automation specialist offered disappointing guidance in its second-quarter earnings report.

As of 12:28 p.m. ET, the stock was down 12.9% on the news.

UiPath, which deploys bots to automate business processes through low-code software, actually beat estimates in the second quarter of fiscal 2023, which ended July 31.

Source Fool.com

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