
C3.Ai Inc (NYSE:AI) shares are falling Thursday after the company reported first-quarter financial results that fell short of analyst expectations. Multiple analysts also lowered price targets following the print.
What Happened: C3.AI missed analyst estimates on the top and bottom lines in the first quarter, reporting revenue of $70.26 million versus estimates of $94.58 million, and an adjusted loss of 37 cents per share versus estimates for a loss of 20 cents per share.