Earnings Results: C3.ai’s stock falls 8% despite solid quarter and guidance

Earnings Results: C3.ai’s stock falls 8% despite solid quarter and guidance

Shares of C3.ai Inc. initially skidded about 8% in extended trading Wednesday after the AI stalwart reported quarterly results.

“We are experiencing strong traction with our enterprise AI applications and especially C3 Generative AI,” C3.ai Chief Executive Tom Siebel said in a statement announcing the numbers, which were in line with analyst estimates.

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