Recap: Veritone Q4 Earnings
Portfolio Pulse from Benzinga Insights
Veritone (NASDAQ:VERI) reported Q4 earnings with an EPS of $-0.16, missing estimates by -7%, and a revenue decrease of $9.69 million from the previous year. This follows a pattern of missed EPS estimates in previous quarters, leading to a significant share price drop.
March 12, 2024 | 8:35 pm
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Veritone reported a Q4 EPS of $-0.16, missing estimates by -7%, with a significant year-over-year revenue decrease. This continues a trend of missed earnings expectations.
Veritone's Q4 earnings miss and the consistent pattern of not meeting EPS estimates in previous quarters suggest a negative short-term impact on the stock price. Historical data shows a 11.0% drop in share price following last quarter's earnings miss, indicating a likely similar reaction.
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