C3.ai (AI), Chewy (CHWY) Earnings: Expansion & Sales Growth

C3.ai (AI) earnings are due out after the close. Its 2Q adjusted EPS came in at -$0.19 and revenue is estimated at $74.49M. Daniel Kern discusses AI and notes to watch for a transition to a consumption-based revenue model, as well as expansion beyond energy and internet of things vertical. He talks about how revenue is expected to grow by 19%, gross margin 66.8%, and operating loss a shade shy of $30M. Kern also previews Chewy’s (CHWY) earnings which will also be released today, postmarket. Its 3Q adjusted EPS is estimated at $0.09 and revenue is estimated at $2.76B. Kern highlights that CHWY has grown sales from $3B in 2019 to a projected $11B in 2024. Tune in to find out more about the stock market today.