Veritone Q2 Adj EPS $(0.35) Misses $(0.25) Estimate, Sales $27.97M Miss $29.07M Estimate
Portfolio Pulse from bharat@benzinga.com
Veritone reported Q2 losses of $0.35 per share, missing the analyst consensus estimate of $0.25 by 40%. This is a 75% decrease over losses from the same period last year. The company also reported quarterly sales of $27.97 million, missing the analyst consensus estimate of $29.07 million by 3.79%. This is an 18.31% decrease over sales from the same period last year.
August 08, 2023 | 8:48 pm
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Veritone's Q2 results missed estimates, with a 75% increase in losses and an 18.31% decrease in sales compared to the same period last year.
Veritone's Q2 results missed both earnings and sales estimates, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100