Why Is C3.ai (AI) Stock Down11% Today?

Source: shutterstock.com/Below the Sky

C3.ai (NYSE:AI) stock is slipping on Wednesday as investors wait for the company to release its latest earnings report later today.

C3.ai is set to release its earnings report for its fiscal fourth quarter of 2023 after markets close today. The company will also hold a conference call at 5:00 p.m. Eastern Time with management going over the earnings.

As for what investors should keep an eye on in the report, earnings per share and revenue will be important details. Wall Street is expecting the AI company to report losses per share of 17 cents alongside revenue of $71.32 million.

What To Expect From AI Stock

That depends on how well C3.ai performs in its upcoming earnings report. It could be a positive or negative catalyst depending on if it meets the expectations of Wall Street. Other factors in the report could also affect the company’s share price.

As for the falling price of AI stock today, that comes with some 21 million shares changing hands. This is closing in on its daily average trading volume of about 23 million shares. It’s worth noting this also comes after AI stocks underwent a recent rally.

AI stock is down 10.6% as of Wednesday morning but is up 253.8% since the start of the year.

Investors seeking more of the most recent stock market news will want to stick around!

InvestorPlace is home to all of the hottest stock market news traders need to know about on Wednesday! A few examples of our coverage include why shares of Faraday Future (NASDAQ:FFIE), LL Flooring (NYSE:LL), and Ambarella (NASDAQ:AMBA) stock are moving today. We’ve got all of that news ready to go with the following links!

More Stock Market News For Wednesday

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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