C3.ai Stock Surges on Strong Earnings and Raised Forecast

1 min read
Source: Investor's Business Daily
C3.ai Stock Surges on Strong Earnings and Raised Forecast
Photo: Investor's Business Daily
TL;DR Summary

C3.ai's stock surged over 13% following better-than-expected quarterly earnings, with sales growing 29% to $94.3 million and a loss of 6 cents per share, outperforming analyst expectations. The stock has been volatile, influenced by factors like a partnership extension with Microsoft and a shift to consumption-based pricing. Despite recent gains, the stock is not currently considered a buy as it is extended from its latest entry point.

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