Why C3.ai Stock Just Dropped 8.5%
Shares of artificial intelligence-for-business stock C3.ai (NYSE: AI) are down 8.5% as of 10:40 a.m. EDT Thursday after beating analyst projections for fiscal first-quarter 2022 revenue last night -- but missing badly on earnings. Investors right now seem more concerned by the fact that C3.ai went from break-even profits a year ago to losing $0.37 per share in Q1, but management is trying to keep them focused on sales growth. In new guidance for the coming quarter and year, C3.ai said it expects revenue to grow to $56 million to $58 million in the second quarter, which would be slightly ahead of analyst targets.
