SoundHound AI Q4 2023 GAAP EPS $(0.070) Misses $(0.060) Estimate, Sales $17.147M Miss $17.746M Estimate
Portfolio Pulse from Benzinga Newsdesk
SoundHound AI (NASDAQ:SOUN) reported Q4 2023 earnings with a GAAP EPS of $(0.070), missing the $(0.060) estimate, and sales of $17.147M, missing the $17.746M estimate. This represents an 80.48% increase in sales compared to the same period last year.

February 29, 2024 | 9:22 pm
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NEGATIVE IMPACT
SoundHound AI reported Q4 2023 earnings with a GAAP EPS of $(0.070) and sales of $17.147M, both missing estimates but showing significant YOY sales growth.
Missing both EPS and sales estimates typically has a negative short-term impact on a company's stock price. However, the significant year-over-year sales growth might mitigate some of the negative sentiment. The score reflects the immediate negative reaction to missing estimates, while the high importance and relevance scores highlight the significance of these earnings results for investors in SOUN.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100