C3.ai Q1 EPS $(0.09) Beats $(0.17) Estimate, Sales $72.40M Beat $71.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
C3.ai (NYSE:AI) reported Q1 losses of $(0.09) per share, beating the analyst consensus estimate of $(0.17) by 47.06%. This is a 25% increase over losses from the same period last year. The company also reported quarterly sales of $72.40 million, beating the analyst consensus estimate of $71.59 million by 1.13%. This is a 10.86% increase over sales from the same period last year.
September 06, 2023 | 8:13 pm
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POSITIVE IMPACT
C3.ai reported better than expected Q1 results with both EPS and sales beating estimates. The company's losses per share improved by 25% YoY and sales increased by 10.86% YoY.
C3.ai reported better than expected Q1 results, which is generally a positive signal for the stock. The company's losses per share improved significantly compared to the same period last year, indicating improved profitability. Additionally, the company's sales also increased YoY, suggesting strong demand for its products and services.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100