C3.ai Posts Downbeat Results, Joins GitLab, Salesforce And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

C3 AIJakarta,-,September,17,2023:,C3.ai,(also,C3,Ai),Logo,Seen

U.S. stock futures were mostly higher this morning, with the Nasdaq futures gaining around 50 points on Thursday.

Shares of C3.ai, Inc. (NYSE:AI) fell sharply in the pre-market trading session after the company missed first-quarter earnings estimates and issued weak guidance.

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.

C3.ai shares dipped 10.8% to $14.88 in the pre-market trading session.

Here are some other stocks moving lower in pre-market trading.

• Neonode Inc. (NASDAQ:NEON) dipped 80.2% to $4.27 in pre-market trading despite announcing it expects $15-20 million from a Samsung Electronics patent settlement.
• ALT5 Sigma Corporation (NASDAQ:ALTS) fell 15.4% to $3.79 in pre-market trading after dipping 20% on Wednesday.
• Figma, Inc. (NYSE:FIG) shares dipped 15.3% to $57.80 in pre-market trading after gaining 4% on Wednesday.
• Sanofi SA (NASDAQ:SNY) declined 9.9% to $44.96 in pre-market trading. Sanofi reported that its amlitelimab met all primary and key secondary endpoints in the COAST 1 phase 3 study in adults and adolescents with atopic dermatitis
• GitLab Inc. (NASDAQ:GTLB) fell 9.2% to $42.62 in pre-market trading after the company reported second-quarter financial results and issued third-quarter sales guidance below estimates.
• Salesforce Inc (NYSE:CRM) dipped 6.6% to $239.49 in pre-market trading. Salesforce posted better-than-expected results for the second quarter and raised its FY2026 guidance. However, the company issued third-quarter sales guidance with its midpoint below estimates.
• Dole PLC (NYSE:DOLE) fell 6% to $13.86 in pre-market trading after announcing the pricing of secondary offering of ordinary shares.
• Acadian Asset Management Inc (NYSE:AAMI) declined 5.8% to $47.25 in pre-market trading.
• I-Mab ADR (NASDAQ:IMAB) fell 5.4% to $4.40 in pre-market trading.
• Zai Lab Ltd – ADR (NASDAQ:ZLAB) declined 5.3% to $29.64 in pre-market trading.

Now Read This:

• Wall Street’s Most Accurate Analysts Give Their Take On 3 Financial Stocks With Over 11% Dividend Yields

Photo via Shutterstock