Veritone Q1 EPS $(0.20), Inline, Sales $31.64M Beat $30.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Veritone (NASDAQ:VERI) reported Q1 EPS of $(0.20), meeting analyst estimates, and sales of $31.64M, exceeding the $30.70M forecast. This represents a 23.08% improvement in EPS and a 4.54% increase in sales over the previous year.
May 07, 2024 | 10:17 pm
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Veritone reported a Q1 EPS of $(0.20), in line with estimates, and sales of $31.64M, surpassing expectations. Year-over-year, EPS improved by 23.08% and sales grew by 4.54%.
Meeting EPS estimates while exceeding sales forecasts, especially with year-over-year growth in both metrics, is likely to be viewed positively by investors. This performance indicates operational efficiency and market demand for Veritone's offerings, potentially leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100