C3.ai(AI.US) fell more than 8% before the market opened, up nearly 70% since November

C3.ai (AI.US) fell more than 8% before the market opened on Tuesday, after once rising more than 11%, and has gained nearly 70% since November. On the news, C3.ai beat expectations in Q2 and raised its revenue outlook for 2025. According to data compiled by LSEG, Q2 revenue was US$94.3 million, up 29% YoY, topping analysts' estimates of US$91 million. Adjusted, the company reported a loss of 6 cents, while analysts expected a loss of 16 cents. Subscription revenue grew 22% to US$81.2 million, while professional services revenue grew 94% YoY to US$13.2 million.

The company now expects full-year revenue to be between US$378 million and US$398 million, compared with its previous forecast of US$370 million to US$395 million. Analysts had previously estimated the company's annual revenue to be US$382.6 million. In addition, C3.ai expects revenue in Q3 to be between US$95.5 million and US$105 million, with a midpoint of US$98 million slightly above analysts' estimates of US$97.5 million.