Veritone Q1 2024 Adj EPS $(0.20), Inline, Sales $31.636M Beat $30.700M Estimate
Portfolio Pulse from Benzinga Newsdesk
Veritone (NASDAQ:VERI) reported Q1 2024 adjusted EPS of $(0.20), meeting analyst estimates, and sales of $31.636M, exceeding the $30.700M forecast. This represents a 23.08% improvement in EPS and a 4.54% increase in sales over the same period last year.
May 07, 2024 | 10:41 pm
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Veritone reported a Q1 2024 adjusted EPS of $(0.20), in line with estimates, and sales of $31.636M, surpassing expectations. Year-over-year, EPS improved by 23.08% and sales by 4.54%.
Meeting EPS estimates while exceeding sales forecasts, especially with significant year-over-year improvements, is likely to be viewed positively by investors. This performance indicates operational efficiency and potential for growth, which could lead to a short-term positive impact on VERI's stock price.
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