ai startup uipath inc whose initial public offering fetched a market value of nearly 30 billion in 2021 only to get creamed before recently rebounding reported quarterly results wednesday that topped analyst revenue and earnings estimates but offered tepid revenue guidance soft quarterly revenue guidance immediately sent path’s stock path tumbling more than 11 in extended trading wednesday the company which makes software that helps automate business tasks reported a fiscal firstquarter net loss of 319 million or 6 cents a share compared with a net loss of 1226 million or 23 cents a share in the yearago quarter adjusted earnings were 11 cents a share analysts surveyed by factset had expected on average adjusted net earnings of 2 cents a share on revenue of 271 million “first quarter fiscal 2024 results reflect our focus on driving growth at scale and increasing profitability as we meaningfully expanded our operating margin and increased cash flow for the second consecutive quarter” path cochief executive officer rob enslin said in a statement announcing the results however path’s secondquarter revenue guidance between 279 million and 284 million was at the low end of factset’s estimate of 284 million shares of path have soared 28 so far this year as the company has benefited from ai hype pushing its market valuation to about 8 billion while the broader sp 500 index spx has increased 7