SoundHound AI Q2 Earnings: Revenue Beat, EPS Beat, Raised Guidance On 'Strong Customer Momentum'
Portfolio Pulse from Adam Eckert
SoundHound AI Inc (NASDAQ:SOUN) reported strong Q2 earnings, beating revenue and EPS estimates. The company raised its full-year guidance, citing strong customer momentum and increased demand for voice and conversational AI. Shares rose 7.87% in after-hours trading.
August 08, 2024 | 8:37 pm
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SoundHound AI reported Q2 revenue of $13.5M, beating estimates, and an adjusted loss of 4 cents per share, also beating expectations. The company raised its full-year revenue guidance, citing strong customer momentum and increased demand for AI solutions. Shares rose 7.87% in after-hours trading.
SoundHound AI's strong Q2 performance, beating both revenue and EPS estimates, along with raised full-year guidance, indicates positive market sentiment and strong future prospects. This has led to a significant rise in share price in after-hours trading.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100