C3.ai Q3 EPS $(0.13) Beats $(0.28) Estimate, Sales $78.40M Beat $76.14M Estimate
Portfolio Pulse from Happy Mohamed
C3.ai (NYSE:AI) reported Q3 earnings with losses of $(0.13) per share, surpassing the $(0.28) estimate, and sales of $78.40M, exceeding the $76.14M estimate. This represents a 116.67% increase in losses from the previous year but a 17.60% increase in sales.
February 28, 2024 | 9:05 pm
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POSITIVE IMPACT
C3.ai reported better-than-expected Q3 earnings and sales, with a significant beat on EPS and a modest beat on revenue estimates.
Beating both earnings and sales estimates typically leads to positive investor sentiment in the short term. The significant beat on the EPS estimate and the positive sales growth year-over-year are likely to be viewed favorably by the market, potentially leading to a short-term uptick in C3.ai's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100