04:33 PM EST, 12/09/2024 (MT Newswires) -- C3.ai ( AI ) reported a fiscal Q2 non-GAAP loss late Monday of $0.06 per diluted share, narrowing from the loss of $0.13 a year earlier.

Analysts polled by FactSet expected a loss of $0.16.

Revenue in the three months ended Oct. 31 rose to $94.3 million from $73.2 million a year earlier.

Analysts surveyed by FactSet expected $91 million.

The company expects fiscal Q3 revenue of $95.5 million to $100.5 million. Analysts polled by FactSet expect $97.6 million.

C3.ai ( AI ) raised fiscal 2025 revenue guidance to the range of $378 million to $398 million from $370 million to $395 million. Analysts polled by FactSet expect $382.6 million.

Shares of the company jumped 16% in recent after-hours activity.

Price: 48.50, Change: +6.82, Percent Change: +16.36