C3.ai lifts FY revenue guidance after fiscal Q2 results top estimates

Investing.com

10 Dec 2024

Investing.com -- C3.ai on Monday raised its full-year revenue guidance following fiscal second-quarter results that topped Wall Street estimates.,

C3.ai Inc (NYSE:AI) climbed more than 13% in afterhours trading following the report.

The company reported fiscal Q2 adjusted loss of $0.06 on revenue of $94.6 million, topping estimates for a loss of $0.14 on revenue of $91M.

For Q3, Salesforce (NYSE:CRM) guided adjusted operating loss in a range of $38.6M to $46.6M on revenue in the range of $95.5B to $100.5M. Analysts were expecting revenue of $97.6M.

Looking to fiscal 2025 the company sees an adjusted operating loss in a range of $105M to $135M on revenue in the range of $378B to $398M, compared with prior guidance for an adjusted operating loss in a range of $95M to $125M on revenue in the range of $370B to $395M.

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