SoundHound AI Q1 2024 Adj EPS $(0.07) Beats $(0.09) Estimate, Sales $11.600M Beat $10.104M Estimate
Portfolio Pulse from Benzinga Newsdesk
SoundHound AI (NASDAQ:SOUN) reported Q1 2024 adjusted EPS of $(0.07), surpassing the $(0.09) estimate, with sales of $11.600M exceeding the $10.104M forecast. This represents a 72.95% increase in sales compared to the same period last year.
May 09, 2024 | 8:31 pm
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SoundHound AI reported a Q1 2024 EPS of $(0.07), beating estimates, and sales of $11.600M, also above expectations.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. The significant year-over-year sales growth further underscores the company's strong performance and potential for future growth, enhancing investor confidence.
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