C3.ai Stock Pops 8% After the Generative AI Player's Annual Revenue Guidance Beats Wall Street's Estimates
C3.ai(AI) The Motley Fool·2024-05-30 23:30
The enterprise AI software company has ramped up spending on generative AI growth initiatives, which is hurting its bottom line.C3.ai (AI 13.63%) stock gained 8.3% in after-hours trading on Wednesday after the enterprise artificial intelligence (AI) software applications company released its fiscal 2024 fourth-quarter results. For the quarter, which ended April 30, revenue and adjusted earnings beat Wall Street's estimates, and management's top-line guidance for C3.ai's current quarter and fiscal 2025 also ...