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Why C3.ai Stock Is Rising Today

TheMotleyFool

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Why C3.ai Stock Is Rising Today: https://g.foolcdn.com/editorial/images/712293/gettyimages-1325465848.jpg

Shares of C3.ai (NYSE: AI) were climbing higher today after the enterprise artificial intelligence software company reported better-than-expected second-quarter results.

The company beat Wall Street's expectations for both its top and bottom lines, and as a result, investors pushed its stock up by 6% as of 11:11 a.m. ET.

C3.ai reported a non-GAAP (adjusted) loss of $0.11 per share, up significantly from a loss of $0.23 in the year-ago quarter and beating analysts' consensus estimate of a loss of $0.16 per share.

Source Fool.com

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