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Benzinga
Benzinga
Business
Adam Eckert

Why C3.ai Stock Is Plunging After Hours

AI C3Ai

C3.Ai Inc (NYSE:AI) shares are trading lower in Wednesday's after-hours session after the company reported financial results and issued guidance below analyst estimates.

C3.ai said fiscal fourth-quarter revenue increased 38% year-over-year to $72.3 million, which beat the estimate of $71.28 million, according to data from Benzinga Pro. The company reported a quarterly loss of 21 cents per share, which beat the estimate for a loss of 29 cents per share.

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