Why C3.ai Stock Got Clobbered on Thursday
Shares of C3.ai (NYSE: AI) tumbled out of the gate Thursday, plunging as much as 18.7%, though the stock recovered somewhat, ending the day down just 11.2%.
The catalysts that sent the provider of enterprise artificial intelligence software lower were financial results that revealed a chink in the company's armor.
For the fiscal second quarter (ended Oct. 31), C3.ai delivered revenue of $58.3 million, up 41% year over year, driven by subscription revenue of $47.4 million, up 32%. This resulted in a loss per share that widened to $0.55, worsening from the loss of $0.39 in the prior-year quarter.
Source Fool.com
