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Benzinga
Benzinga
Business
Henry Khederian

As A Dire Revenue Warning Roils C3.ai Stock, The Company's Search For New Leadership Captures Investor Attention

AI C3Ai Artificial Intelligence
C3 AIJakarta,-,September,17,2023:,C3.ai,(also,C3,Ai),Logo,Seen

Shares of C3.ai Inc (NYSE:AI) are continuing their decline on Thursday as the enterprise artificial intelligence company grapples with the fallout from a dire preliminary earnings report. The stock has fallen over 20% in the past five trading sessions, reacting to news released late last week.

What To Know: The sharp downturn began after C3.ai warned of a significant first-quarter revenue shortfall. The company now expects first-quarter revenue to be between $70.2 million and $70.4 million, well below the Wall Street consensus estimate of $104.1 million.

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