U.S. stock market anomaly | CEO says Q1 sales performance is unacceptable, C3.ai (AI.US) plunges over 23%

According to the WiseFinancial APP, on Monday, C3.ai (AI.US) plunged more than 23%, hitting a new low for the year at $16.86. In terms of news, last Friday, C3.ai announced that its preliminary revenue for the first quarter was approximately $70.3 million, significantly lower than analysts' expectations of $104.3 million for the quarter ending on July 31. C3.ai stated that the estimated GAAP operating loss for the current quarter is $124.7 million to $124.9 million, while the non-GAAP operating loss is projected to be $57.7 million to $57.9 million. As of July 31, the company holds a total of $711.9 million in cash, cash equivalents, and securities.