C3.ai gains on annual revenue forecast raise

C3.ai

09/12/2024 21:52

** Shares of AI software maker C3.ai  AI.N  rise 12.52% to
$46.90 after the bell
    ** Co sees full-year revenue to be between $378 million and
$398 million vs range of $370 million to $395 million expected
previously
    ** Reports Q2 rev of $94.3 million, beating estimates of
$91.03 million
    ** Posts adjusted quarterly loss of 6 cents vs est of 16
cents
    ** Up to last close, stock up ~45% YTD

 (Reporting by Sriparna Roy in Bengaluru)
 ((Sriparna.Roy@thomsonreuters.com))