C3.ai Analysts Cut Their Forecasts After Q1 Earnings Results

C3.ai Inc AI posted upbeat earnings and sales results for its first quarter on Wednesday.C3.ai reported first-quarter revenue of $87.2 million, up 21% year-over-year. The revenue figure beat a Street consensus estimate of$ 86.9 million, according to data from Benzinga Pro.Subscription revenue was $73.5 million in the first quarter, up 20%. Subscription revenue made up 84% of the company’s total revenue in the first quarter.The company reported a loss of 5 cents per share in the first quarter, beating a Stre ...