Reported 2 days ago
C3.ai Inc. (AI) saw its shares decline by 7.31% to $15.46 as it withdrew its growth outlook for the fiscal year 2026, following the appointment of a new CEO and restructuring within the company. The company intends to release guidance for the third quarter of fiscal 2026 in its upcoming financial results, although it has set revenue targets for the first quarter between $72 million and $80 million. Recently, C3.ai also reported a significant increase in net losses, further impacting investor confidence.
Source: YAHOO