SoundHound AI Q2 2024 Adj. EPS $(0.04) Beats $(0.09) Estimate, Sales $13.500M Beat $13.083M Estimate
Portfolio Pulse from Benzinga Newsdesk
SoundHound AI (NASDAQ:SOUN) reported better-than-expected Q2 2024 results with an adjusted EPS of $(0.04) beating the $(0.09) estimate and sales of $13.5M surpassing the $13.083M estimate. Sales increased by 54.27% year-over-year.
August 08, 2024 | 8:20 pm
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SoundHound AI reported Q2 2024 adjusted EPS of $(0.04), beating the $(0.09) estimate, and sales of $13.5M, surpassing the $13.083M estimate. Sales increased by 54.27% year-over-year.
SoundHound AI's better-than-expected earnings and significant year-over-year sales growth are likely to positively impact its stock price in the short term. Beating both EPS and sales estimates typically boosts investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100