C3.ai (NYSE: AI) 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 exceeded analysts' consensus estimates. The biggest catalyst for the after-hours surge was likely the better-than-expected full-year outlook.

Data source: C3.ai. Fiscal Q4 2024 ended April 30. GAAP = generally accepted accounting principles. *Calculations by author, except for revenue growth, which the company provided.

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Source Fool.com