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Today's Pre-Market Movers and Top Ratings | AI, MDB, ORCL and More

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Movers and Shakers wrote a column · Dec 10, 2024 21:20
Morning Movers
Gapping up
$Vail Resorts (MTN.US)$ shares rose almost 4% after beating Q1 expectations. The ski resort operator reported a smaller loss ($4.61 per share) than predicted ($5.00) and higher revenue ($260 million vs $253 million forecast), boosting investor confidence.
Gapping down
$C3.ai (AI.US)$ stock fell almost 7% despite fiscal second quarter results beating estimates and a raised outlook. The AI company posted a smaller-than-expected loss of 6 cents per share and revenue of $94 million, surpassing analyst estimates on both fronts. C3.ai has partnered with Microsoft, enabling its solutions to be sold via Microsoft's Azure team. Microsoft salespeople will earn commissions, and Microsoft will subsidize C3.ai's pilot projects during the alliance. Analysts note C3.ai faces risks, like its reliance on Baker Hughes, but remain positive due to seven quarters of accelerating revenue growth and C3.ai's diverse AI applications for various industries, backed by strong AI expertise.
$Oracle (ORCL.US)$ slipped 6% after Oracle slightly missed fiscal second-quarter earnings estimates. Earnings of $1.47 per share missed estimates by 0.68%, while revenues of $14.1 billion, up 9%, missed by 0.46%. The company's cloud infrastructure business continued to grow, but the slight underperformance disappointed investors who had driven the stock to record highs on cloud business optimism.
$MongoDB (MDB.US)$ stock slipped 8% despite surpassing earnings estimates. The company now expects higher earnings per share (62-65 cents) than analysts predicted (58 cents), and projects revenue of $515-519 million, above the $509 million forecast. This improved outlook boosted investor confidence in the database firm.
$Braze (BRZE.US)$ stock fell about 5% despite beating Q3 expectations. The customer engagement platform's Q4 revenue guidance of $155-156 million was in line with analysts' $155.2 million forecast, but failed to impress investors who were likely hoping for stronger projections.
$Planet Labs PBC (PL.US)$ shares fell over 8% after the Earth imaging company's Q4 revenue forecast of $61-63 million fell short of analysts' expectations of $66.6 million, disappointing investors with the weaker-than-anticipated outlook.
Today's Pre-Market Movers and Top Ratings | AI, MDB, ORCL and More
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