C3.ai loses less money than expected, but stock dives after results
Earnings Results
Company expects sequential growth in revenue during the current quarter, but also steeper adjusted operating losses on a sequential basis
Published:
C3.ai Inc. saw revenue growth accelerate in the latest quarter, but shares were still diving in Wednesday’s extended session.
The company, which makes software for enterprise artificial intelligence, saw a net loss of $62.8 million, or 50 cents a share, in the fiscal first quarter. That narrowed from a $64.4 million loss, equating to 56 cents a share, in the year-earlier period.