C3.ai Inc. shares tumbled more than 5% in extended trades Wednesday, despite better-than-expected revenue and a narrower-than-expected loss in the company’s fiscal third-quarter.

Artificial intelligence (AI) software company C3.ai (NYSE:AI) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 26% year on year to $98.78 million. The company expects next quarter’s revenue to be around $108.

C3 AI reported an adjusted loss per share of 12 cents, down from a loss of 13 cents per share in the same quarter of the previous year, on revenue of $98.8 million, up 26% year-over-year. Both figures were beats,