C3.ai Analysts Cut Their Forecasts After Q1 Earnings Results

C3.ai Inc (NYSE:AI) posted upbeat earnings and sales results for its first quarter on Wednesday. C3.ai reported first-quarter revenue of $87.2 million, up 21% year-over-year. The revenue figure beat a Street consensus estimate of $86.9 million, according to data from Benzinga Pro. Subscription revenue was $73.5 million in the first quarter, up 20%. Subscription revenue made up 84% of the company’s total revenue in the first quarter. The company reported a loss of 5 cents per share in the first quarter, beating a Street consensus estimate of a loss of 13 cents per share. "We had a solid ...