C3.ai Stock Is Falling Thursday: What's Going On?
Portfolio Pulse from Adam Eckert
C3.ai Inc's shares are trading lower despite beating Q1 revenue and EPS estimates. The company also provided Q2 and full-year revenue guidance, which is in line with estimates. C3.ai announced the launch of C3 Generative AI Suite, a new product offering 28 domain-specific generative AI solutions. Despite the positive news, the stock price fell by 13.5%.
September 07, 2023 | 12:48 pm
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NEGATIVE IMPACT
C3.ai's stock is trading lower despite positive Q1 results and the launch of a new product. The stock price fell by 13.5%.
Despite beating Q1 estimates and launching a new product, C3.ai's stock price fell. This suggests that the market had higher expectations or there are other factors at play affecting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100