UiPath stock jumps 13% following Q3 beat

UiPath (NYSE:) shares surged more than 13% after-hours today following the company’s reported Q3 results, with EPS of $0.12 coming in better than the consensus estimate of $0.07. Revenue grew 24% year-over-year to $326 million, beating the consensus estimate of $315.61M.

“I am pleased with our strong third quarter results with ARR growing 24 percent year-over-year to $1.378 billion, driven by the team’s execution and the transformational results we deliver,” said Co-Chief Executive Officer Rob Enslin.

For Q4/24, the company expects revenue in the range of $381-$386M, compared to the consensus estimate of $383M.