Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Where Will C3.ai Stock Be in 1 Year?

TheMotleyFool

0 0

Where Will C3.ai Stock Be in 1 Year?: https://g.foolcdn.com/editorial/images/747017/ai-robots-office.jpg

C3.ai's (NYSE: AI) stock price plunged 12% on Sept. 7 after the enterprise AI software company posted its latest earnings report. For the first quarter of fiscal 2024, which ended on July 31, its revenue rose 11% year over year to $72 million and surpassed analysts' estimates by $1 million. It narrowed its adjusted net loss from $13 million to $11 million, or $0.09 per share, which exceeded the consensus forecast by $0.08 per share.

C3.ai's headline numbers cleared Wall Street's low bar, but a closer look reveals a few bright red flags. Can it overcome those challenges over the next 12 months?

Image source: Getty Images.

Source Fool.com

Like: 0

Share