I have Android Studio Beta. I created a new project with compile my old modules but when I tried launching the app it did not launch with the message:
Error:
In my case a library makes this problem, library was successfully added to project but when i run my app it shows me this error. So if this happens to you too, you can go to github and check issues or raise new issue. If you do not find any solution regarding the library i suggest you to replace it.