Veritone Q3 Adj. EPS $(0.21) Misses $(0.18) Estimate, Sales $35.13M Miss $35.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
Veritone reported Q3 adjusted losses of $(0.21) per share, missing the analyst consensus estimate of $(0.18) by 16.67%. The company's quarterly sales were $35.13 million, missing the estimate of $35.86 million by 2.03%. This represents a 31.25% decrease in losses and a 5.55% decrease in sales compared to the same period last year.
November 08, 2023 | 12:09 pm
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Veritone's Q3 earnings missed estimates, with a 16.67% greater loss per share and a 2.03% lower sales than expected. This could negatively impact the company's stock price in the short term.
Veritone's Q3 earnings report shows a greater loss per share and lower sales than expected, which could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100