C3.Ai Inc (NYSE:AI) shares are trading higher Thursday after the company reported better-than-expected financial results.
Q3 Revenue: $78.4 million, beat estimates of $76.14 million
Q3 EPS: 13 cent loss, beat estimates for a loss of 28 cents
Total revenues were up 18% on a year-over-year basis. Customer engagement in the fourth quarter grew to 445, up 80% year-over-year. C3.ai said it ended the quarter with $723.3 million in cash, equivalents and marketable securities.
“Our significant first mover advantage in …