Why C3.ai Stock Is Rising Today
Shares of C3.ai (NYSE: AI) were climbing higher today after the enterprise artificial intelligence software company reported better-than-expected second-quarter results.
The company beat Wall Street's expectations for both its top and bottom lines, and as a result, investors pushed its stock up by 6% as of 11:11 a.m. ET.
C3.ai reported a non-GAAP (adjusted) loss of $0.11 per share, up significantly from a loss of $0.23 in the year-ago quarter and beating analysts' consensus estimate of a loss of $0.16 per share.
Source Fool.com
