C3.ai Q2 Adj EPS $(0.13) Beats $(0.18) Estimate, Sales $73.23M Miss $74.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
C3.ai (NYSE:AI) reported Q2 adjusted EPS of $(0.13), surpassing the $(0.18) estimate, but sales of $73.23M fell short of the expected $74.33M. The EPS beat represents a 27.78% improvement, while the sales miss was by 1.48%. Year-over-year, the EPS decreased by 18.18% from $(0.11), but sales increased by 17.34% from $62.41M.
December 06, 2023 | 9:59 pm
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NEUTRAL IMPACT
C3.ai reported a smaller-than-expected Q2 adjusted EPS loss and a slight miss on revenue estimates, with mixed year-over-year results.
The EPS beat may be viewed positively by investors, suggesting better cost management or operational efficiency. However, the revenue miss and the year-over-year decrease in EPS could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
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IMPORTANCE 75
RELEVANCE 100