C3.ai stock drops following earnings report


C3.ai Inc. shares fell within the prolonged session Wednesday after the artificial-intelligence software program firm reported its quarterly outcomes.

C3.ai
AI,
+6.12%

shares fell 9% after hours, following a 6.1% achieve within the common session to shut at $76.15. In December, the stock completed up greater than double its preliminary pricing of $42 in its Wall Street debut, and is at the moment 81% above its IPO pricing.

The firm reported a fourth-quarter lack of $24.5 million, or 24 cents a share, in contrast with a lack of $30.2 million, or 82 cents a share, within the year-ago interval. Analysts surveyed by FactSet had estimated a lack of $32.7 million, or 34 cents a share.

Revenue rose to $52.three million from $41.6 million within the year-ago quarter. Analysts had forecast income of $50.6 million.

C3.ai forecast income of $50 million to $52 million for the primary quarter, and income of $243 million to $247 million for the yr. Analysts had estimated income of $50.eight million for the fourth quarter, and income of $240 million for the yr.



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