EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Stocks

C3.AI stock Surges 17% on EPS Beat

Admin by Admin
March 3, 2023
in Stocks
0
c3ai stock
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter
Event Event

C3.ai (AI) saw its revenue fall YoY in the fiscal third quarter but managed to beat Wall Street consensus late Thursday. This was enough for it to power more than 16% higher in Friday’s premarket. 

The stock is up more than 17% at the time of writing at just under $25. C3.ai reported adjusted earnings per share (EPS) of $-0.06 on revenue of $66.7 million. This proved to outperform Wall Street’s forecast for a 22 cent adjusted loss. Revenue also came in ahead of the $64.25 million estimate from analysts.

However, sales fell more than 4% from the same period last year as the company switched to a consumption-based model. CEO Thomas Siebel was quick to say that much of the difficulty was felt in the summer of 2022 and that the fiscal third quarter, which ended in January, saw the first signs of a change in customer attitudes. 

“Now as we enter into our fourth quarter, we are seeing tailwinds from improved business optimism and increased interest in applying C3 AI solutions to address an increasing range of applications across a broadening set of industries,” said Thomas Siebel. 

“This is a dramatic change from what we experienced in mid-2022. There is a genuine optimism in the marketplace for our solutions. And the overall business sentiment appears to be substantially improving.” he added.

c3.ai CEO, Thomas Siebel

Siebel boasted that the company now had 290 pilot projects with potential clients. This figure is higher than the company’s current corporate client list of 236.

For the fiscal fourth quarter, which runs from February through April, C3.ai projected a return to growth with revenue between $70 million and $72 million.

C3 AI delivers a comprehensive Enterprise AI application development platform and a large and growing family of turnkey enterprise AI applications.

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Source: FxStreet
Tags: c3.aiStocksThomas Siebel
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Cardano Price to Rebound from Fresh Monthly Low

Next Post

Reserve Bank Of Australia Unveils Proposed CBDC Use Cases

Admin

Admin

Next Post
Central Bank Of Brazil Announces Experimental CBDC

Reserve Bank Of Australia Unveils Proposed CBDC Use Cases

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

August 31, 2022
Axie Infinity price

Axie Infinity Price Eyes 25% Gains Ahead of the Token Unlock

April 21, 2023
XAGUSD pair

XAG/USD Climbs to Mid-$19.00s

4
Premier League Considering Partnership With NFT Crypto Platform

Premier League considering partnership with NFT crypto platform

2
EUR/USD pair

EUR/USD Recovers from 20-year Lows

2
Binance Refocuses Efforts For Belgian Clients

Binance Proof-Of-Reserve Pledge Earns Support Following FTX Crisis

2
Ethereum Retail Traders On The Run As ETH Price Struggles At $1.6K

Ethereum Retail Traders On The Run As ETH Price Struggles At $1.6K

October 2, 2023
While Bitcoin And Ethereum See Outflows, XRP And Solana Experience Inflows

While Bitcoin And Ethereum See Outflows, XRP And Solana Experience Inflows

October 2, 2023
HTX (Ex-Huobi) Hacked; Justin Sun Assures Fund Safety

HTX (Ex-Huobi) Hacked; Justin Sun Assures Fund Safety

October 2, 2023
Russian Actor Loses Over $250k To Crypto Scam

Russian Actor Loses Over $250k To Crypto Scam

October 2, 2023

Recent News

Ethereum Retail Traders On The Run As ETH Price Struggles At $1.6K

Ethereum Retail Traders On The Run As ETH Price Struggles At $1.6K

October 2, 2023
While Bitcoin And Ethereum See Outflows, XRP And Solana Experience Inflows

While Bitcoin And Ethereum See Outflows, XRP And Solana Experience Inflows

October 2, 2023
HTX (Ex-Huobi) Hacked; Justin Sun Assures Fund Safety

HTX (Ex-Huobi) Hacked; Justin Sun Assures Fund Safety

October 2, 2023
Russian Actor Loses Over $250k To Crypto Scam

Russian Actor Loses Over $250k To Crypto Scam

October 2, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Entertainment
  • Forex News
  • Gaming
  • Review
  • Reviews
  • Stocks
  • Uncategorized

Recent News

Ethereum Retail Traders On The Run As ETH Price Struggles At $1.6K

Ethereum Retail Traders On The Run As ETH Price Struggles At $1.6K

October 2, 2023
While Bitcoin And Ethereum See Outflows, XRP And Solana Experience Inflows

While Bitcoin And Ethereum See Outflows, XRP And Solana Experience Inflows

October 2, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>