UiPath Inc. shares fell in the extended session Tuesday even as the “software robots” provider topped Wall Street estimates and raised its outlook for the year.

UiPath 
PATH,
-1.44%

shares dropped 6% after hours, following a 1.4% decline in the regular session to close at $62.46. Following UiPath’s first earnings report as a public company about three months ago, shares fell the next day.

The company reported a second-quarter loss of $100 million, or 19 cents a share, versus net income of $5 million in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were a penny a share, compared with 3 cents a share in the year-ago period.

Revenue rose to $195.5 million from $139.4 million in the year-ago quarter. The company’s annualized renewal run rate, or ARR, rose 60% to $726.5 million from a year ago. ARR is a metric often used by software-as-a-service companies to show how much revenue the company can expect based on subscriptions.

Analysts surveyed by FactSet had forecast a loss of 5 cents a share on revenue of $184.3 million and an ARR of $703.8 million, based on UiPath’s forecast revenue of $180 million to $185 million and ARR of $702 million to $704 million for the second quarter.

Read: UiPath IPO: 5 things to know about the ‘software robots’ company valued at nearly $30 billion

UiPath forecast revenue of $207 million to $209 million and ARR of $796 million to $798 million for the third quarter, while analysts expect revenue of $205.8 million and ARR of $776.8 million.

For the year, UiPath expects ARR between $876 million and $881 million, up from a previous forecast of $850 million to $855 million. Analysts estimate $854.8 million.

UiPath’s stock made its debut on the New York Stock Exchange back in April. As of Tuesday’s close, shares are about 12% above their IPO price of $56 a share.

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