Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessC3.ai Jumps 23 percent on Q3 Beat & Strong Guidance

C3.ai Jumps 23 percent on Q3 Beat & Strong Guidance

Add to Favorite
Added to Favorite


C3.ai (NYSE:AI) experienced a notable surge in its stock price of over 23% intra-day Thursday after reporting fiscal third-quarter results that exceeded expectations and provided an optimistic outlook. The company reported a fiscal third-quarter loss of $0.13 per share, significantly outperforming the anticipated loss of $0.28 per share. Revenue for the quarter reached $78.4 million, exceeding the consensus forecast of $76.14 million.
Subscription revenue was a major contributor, accounting for 90% of total revenue at $70.4 million, up 23% from $57.0 million in the comparable period the previous year.
For the upcoming fourth quarter of fiscal year 2024, C3.ai projects revenue to range from $82 million to $86 million, against Wall Street expectations of $83.91 million. The company’s full fiscal year 2024 revenue is expected to be between $306 million and $310 million, surpassing Wall Street’s projection of $305.5 million.

Subscribe to get Latest News Updates

Latest News

You may like more
more

BlackRock Surpasses Q1 2024 Earnings Estimates – A Financial Triumph

BlackRock, Inc. (NYSE:BLK) Surpasses Q1 2024 Earnings Estimates On Friday,...

Fastenal Company (FAST) Q1 2024 Earnings Miss Estimates

Fastenal Company (FAST) Earnings Report Highlights On Thursday, April 11,...

State Street Corporation Exceeds Q1 2024 Earnings and Revenue Forecasts

State Street Corporation's Impressive Earnings Report On Friday, April 12,...