C3.ai Scored an Earnings Beat. The Stock Drops on CEO News.

C3.ai Scored an Earnings Beat. The Stock Drops on CEO News.·Barrons.com

C3.ai stock fell on Tuesday despite the AI software provider’s better-than-expected financial results released late Monday. The drop came after the company’s 10-Q showed that CEO Thomas Siebel plans to sell stock up to 12.8 million shares under a 10b5-1 plan. For its quarter ending in October, the company reported a loss of 6 cents a share, compared with the consensus forecast for a 16-cent loss among Wall Street analysts tracked by FactSet.

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