C3.Ai Inc AI shares are rising Thursday after the company reported better-than-expected results for the fourth quarter. The company also announced that the U.S. Air Force raised its contract ceiling to $450 million.
What Happened: C3 AI reported fourth-quarter revenue of $108.7 million, beating estimates of $107.73 million. The company reported an adjusted loss of 18 cents per share, beating estimates for a loss of 20 cents per share, according to Benzinga Pro.
Total revenue increased 26%…
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https://www.benzinga.com/news/contracts/25/05/45669287/c3-ai-stock-is-soaring-today-heres-why
