C3.ai Stock Plummets 25% After ‘Completely Unacceptable' Preliminary Results
1. C3.ai's shares fell over 25% due to weak preliminary sales figures. 2. CEO Tom Siebel called the results 'completely unacceptable' and cited leadership issues. 3. Revenue expectations dropped significantly from $100-109 million to $70.2-70.4 million. 4. D.A. Davidson analysts downgraded C3.ai stock to 'underperform' after the results. 5. Wedbush analysts lowered their target price but maintained an 'outperform' rating.