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Shares of UiPath declined after the robotic-process automation software company posted fiscal third-quarter results that were better than Wall Street expectations.
The stock fell 1.1% to $47.16 in premarket trading Thursday after UiPath (ticker: PATH) reported adjusted earnings at break-even on a per-share basis on revenue of $220.8 million, up from year-earlier revenue of $147.3 million. The company’s annualized renewal run rate, or ARR, was $818.4 million, up 58%.