Veritone Q4 2023 Adj EPS $(0.16) Misses $(0.15) Estimate, Sales $34.197M Beat $33.795M Estimate
Portfolio Pulse from Benzinga Newsdesk
Veritone (NASDAQ:VERI) reported Q4 2023 adjusted EPS of $(0.16), missing the $(0.15) estimate, but sales of $34.197M exceeded the $33.795M estimate. This represents a 22.08% decrease in sales compared to the same period last year.
March 12, 2024 | 8:32 pm
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NEUTRAL IMPACT
Veritone reported a Q4 2023 adjusted EPS of $(0.16), missing estimates, but sales of $34.197M exceeded expectations, with a significant year-over-year sales decrease.
The mixed results with an EPS miss and a slight sales beat, combined with a significant decrease in sales year-over-year, suggest a neutral short-term impact. The EPS miss may concern investors, but the sales beat provides a counterbalance. The significant decrease in sales year-over-year is a critical factor, but it's already reflected in the current results.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100