C3.ai Crashed Over 9% in Premarket Trading As It Will Not Be Profitable in Q4 of Fiscal Year 2024

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C3.ai Crashed Over 9% in Premarket Trading As It Will Not Be Profitable in Q4 of Fiscal Year 2024

Tiger Newspress2023-09-07

C3.ai, Inc. crashed over 9% in premarket trading.

For the October quarter, it sees revenue of $72.5 million to $76.5 million, with a non-GAAP loss from operations of between $27 million and $40 million. Wall Street estimates call for revenue of $73.8 million and an operating loss of $26.6 million. It would not be profitable on a non-GAAP basis by the end of fiscal year 2024 as it had previously planned.

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