Lates News

C3.ai reported revenue of $70.30 million in the first quarter, below analysts' expectations of $104.2 million. The company reported an adjusted loss of $0.37 per share in the first quarter, higher than analysts' expected loss of $0.20 per share. Stephen Ehikian has been appointed as the new CEO, and the company has withdrawn its full-year performance guidance. The company will disclose guidance for the third quarter and full year performance during the second quarter earnings report. It is expected that revenue for the second quarter will be between $72 million and $80 million, lower than analysts' expectations of $100.5 million. C3.ai's stock dropped by 12% in after-hours trading.