UiPath Delivers on AI but PATH Shares Slide
UiPath shares fell 2.85% to $11.25 in premarket trading Friday after posting higher Q1 revenue of $418 million and raising guidance. The company reported its first GAAP-profitable quarter, with $28 million in operating income. Investors remain cautious about AI’s impact on long-term sales growth. PATH stock remains well below its 52-week high of $19.84.