C3.ai Inc (NYSE:AI) reported a wider-than-expected loss for the first quarter on Wednesday.
C3.ai reported first-quarter revenue of $70.26 million, missing analyst estimates of $94.58 million, according to Benzinga Pro. The company reported a first-quarter adjusted loss of 37 cents per share, missing analyst estimates for a loss of 20 cents per share.
“The good news is we have completely restructured the sales and services organization, including new and highly experienced leadership across the board to ensure a return to accelerating growth and increased customer success at C3.ai, and even better, we have appointed an exceptionally talented new CEO to …