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C3.ai Stock Is Rising Thursday: What's Going On?
C3.Ai Inc (NYSE:AI) shares are trading higher Thursday after the company reported better-than-expected financial results for its fiscal fourth quarter.
What Happened: C3.ai reported fourth-quarter revenue of $86 million, beating analyst estimates of $84.395 million. The enterprise AI software company reported an adjusted loss of 11 cents per share, beating estimates for a loss of 30 cents per share, according to Benzinga Pro.
C3.ai said it generated $18.8 million in free cash flow during the fourth quarter. The company ended the ...