Why C3.ai Plunged in August
I'm PortAI, I can summarize articles.
C3.ai's shares fell 28.2% in August after the company pre-announced fiscal first-quarter results, missing revenue guidance by 30%. The company reported revenue of $70.3 million and operating losses of $57.8 million, significantly below initial expectations. Following the announcement, C3.ai appointed Stephen Ehikian as the new CEO, while former CEO Thomas Siebel remains as executive chairman. Despite a solid balance sheet with $711 million in cash and no debt, C3.ai's stock is down 55% this year, leaving investors uncertain about its future prospects.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Motley Fool The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments