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Technology Stocks : C3ai
AI 17.58+3.2%Oct 31 9:30 AM EST
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From: Ron3/2/2023 7:12:13 PM
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C3.ai earnings top guidance
Artificial intelligence software company C3.ai posted better-than-expected results for the January quarter and boosted its full-year guidance.
For the quarter, C3.ai (ticker: AI) posted revenue of $66.7 million, down 4% from a year ago, but ahead of the company’s guidance range of $63 million to $65 million, and above the Street consensus forecast at $64.3 million. On an adjusted basis, the company recorded a loss from operations of $15 million, narrower than the forecast range of a loss between $25 million and $29 million.
Shares rose in late trading.
barrons.com
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