C3.ai Shares Plummet 19% on Guidance Miss -Breaking
By Davit Kirakosyan
C3.ai (NYSE:) shares plunged greater than 19% after-hours following the corporate’s reported This fall outcomes. Whereas each EPS of ($0.21) and income of $72.3 million (up 38% year-over-year) got here in higher than the consensus estimates of ($0.29) and $71.28 million, the corporate’s steerage missed the expectations.
The corporate expects Q1/23 income within the vary of $65-67 million, in comparison with the consensus estimate of $74.4 million. For the total 2023-year, the corporate expects income to be within the vary of $308-316 million, in comparison with the consensus estimate of $333.9 million.