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Benzinga
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C3.ai Posts Downbeat Results, Joins GitLab, Salesforce And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

1. C3.ai missed revenue and earnings estimates, prompting a sharp share decline. 2. Company reported $70.26 million revenue, falling short of $94.58 million expectations. 3. Analysts expected a loss of 20 cents per share; actual loss was 37 cents. 4. C3.ai shares fell 10.8% to $14.88 in pre-market trading. 5. Overall U.S. stock futures showed gains, with Nasdaq futures up around 50 points.

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FAQ

Why Very Bearish?

C3.ai's earnings miss signals ongoing challenges in profitability, reminiscent of other tech disappointments.

How important is it?

The earnings miss highlights potential weaknesses in AI companies, impacting investor sentiment.

Why Short Term?

Immediate impact due to loss of investor confidence; long-term recovery may take time.

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