C3 AI Announces Record Fiscal 2021 Results
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C3.Ai (AI) Sinks After Missing on Sales Estimates, Analyst Slashes PT by Over 40% But Remains Bullish
June 3, 2021 8:56 AM EDTShares of C3.Ai (NYSE: AI) have plunged 11% in pre-open Thursday after the company reported slowing subscription revenue.
The companys revenue in the quarter that ended in April climbed 26% from the year-ago period to $52.3 million, marking a net loss of 24 cents a share, compared to analysts estimated revenue of $50.6 million and a 25-cent net loss per share. C3.ais remaining performance obligation surged 23% to $293.8 million.
"We achieved strong business and financial results in the fourth quarter and full fiscal year, as we advance our leadership position as the enterprise AI... More
C3.ai (AI) Tops Q4 EPS by 2c, Offers Q1 and FY22 Guidance
June 2, 2021 4:42 PM EDTC3.ai (NYSE: AI) reported Q4 EPS of ($0.24), $0.02 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $52.3 million versus the consensus estimate of $50.6 million.
GUIDANCE:
C3.ai sees Q1 2022 revenue of $50-52 million, versus the consensus of $50.5... More
