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Benzinga
Benzinga
Business
Adam Eckert

C3.AI Stock Is Tumbling Thursday: What's Going On?

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

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.

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