C3.ai stock jumps 8.3% in after-hours trading after beating revenue estimates

From Nasdaq: 2024-05-30 11:30:00

C3.ai stock jumped 8.3% in after-hours trading due to exceeding revenue and earnings estimates in its fiscal 2024 fourth-quarter results. Subscription revenue increased by 41%, and the company had positive free cash flow of $18.8 million. CEO highlighted growing demand for Enterprise AI and generative AI applications.

For fiscal Q1 2025, C3.ai projects revenue between $84 million to $89 million, with fiscal 2025 revenue guidance up to $395 million. While revenue growth is expected, adjusted operating income may widen by 32%. Investors should monitor the company’s ability to scale revenue while achieving positive earnings before investing.

Consider investing in C3.ai carefully, as it didn’t make the Motley Fool’s Stock Advisor list. The service touts 10 stocks for high returns, like Nvidia, which grew significantly following a recommendation. By following their advice, investors can potentially see substantial gains. Remember to research and monitor the company before making any decisions.



Read more at Nasdaq: C3.ai Stock Pops 8% After the Generative AI Player’s Annual Revenue Guidance Beats Wall Street’s Estimates