{"id":9152,"date":"2023-05-15T21:29:24","date_gmt":"2023-05-16T01:29:24","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/c3-ai-stock-pops-after-saying-fq4-results-likely-ahead-of-guidance\/"},"modified":"2023-05-15T21:29:24","modified_gmt":"2023-05-16T01:29:24","slug":"c3-ai-stock-pops-after-saying-fq4-results-likely-ahead-of-guidance","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=9152","title":{"rendered":"C3.ai stock pops after saying FQ4 results likely ahead of guidance"},"content":{"rendered":"
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\u00a9 Reuters. C3.ai (AI) stock pops after saying FQ4 results likely ahead of guidance<\/span>
\n<\/i>\n<\/div>\n

C3.ai (NYSE:)\u00a0shares are trading 3.8% higher in pre-open Monday after the company issued a positive business update.<\/p>\n

C3.ai said preliminary revenue for its fiscal fourth quarter should be $72.1-72.4 million, ahead of the consensus at $71.1M. The adjusted operating loss is expected in the range of $23.7-23.9M.<\/p>\n

As a result, full-year revenue should come in between $266.5-266.8M, up from the previously expected $264-266M forecast.<\/p>\n

\u201cOverall business environment for enterprise AI is more active than we have seen since the company\u2019s inception and seems to be accelerating. Interest in applying predictive analytics to business processes has never been greater. This manifested in significantly increased business activity at C3 AI. During the quarter we closed 43 deals, including 19 pilots that were initiated in Q4 FY 23,\u201d the company said in a press release.<\/p>\n

C3.ai reaffirmed its guidance that it expects to achieve non-GAAP profitability by the end of fiscal year 2024, ending April 30, 2024.<\/p>\n

\u201cAs we began the fiscal year on May 1, the company has never been better positioned,\u201d said Thomas M. Siebel, C3.ai CEO.<\/p>\n

\u201cI believe we now have broad consensus that the addressable market for Enterprise AI is extraordinarily large.\u201d<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. C3.ai (AI) stock pops after saying FQ4 results likely ahead of guidance C3.ai (NYSE:)\u00a0shares are trading 3.8% higher in pre-open Monday after the company issued a positive business update. C3.ai said preliminary revenue for its fiscal fourth quarter should be $72.1-72.4 million, ahead of the consensus at $71.1M. The adjusted operating loss is […]<\/p>\n","protected":false},"author":1,"featured_media":3401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-9152","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nC3.ai stock pops after saying FQ4 results likely ahead of guidance | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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