US Stock Price Fluctuated | Q3 performance surpasses expectations, C3.ai (AI.US) surges over 19%.
As of the time of publication, the stock has risen by over 19%, reaching $35.6.
On Thursday, AI software service provider C3.ai (AI.US) saw its stock price rise, closing up over 19% at $35.6. C3.ai's Q3 revenue grew 18% year-over-year to $78.4 million, beating analysts' average expectation of $76.1 million. Subscription revenue grew 23% year-over-year to $70.4 million, exceeding analysts' average expectation of $66.6 million; while professional services revenue fell 17% year-over-year to $8 million, below analysts' average expectation of $9.25 million. Q3 adjusted loss per share was $0.13, better than analysts' average expectation of a loss of $0.28 per share.
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