Veritone Q2 EPS $(0.18) Misses $(0.15) Estimate, Sales $30.99M Miss $31.00M Estimate
Portfolio Pulse from totan@benzinga.com
Veritone (NASDAQ:VERI) reported Q2 EPS of $(0.18), missing the $(0.15) estimate, and sales of $30.99M, slightly below the $31.00M estimate. Despite the misses, EPS improved by 48.57% and sales increased by 10.82% year-over-year.
August 08, 2024 | 9:09 pm
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Veritone reported Q2 EPS of $(0.18), missing the $(0.15) estimate, and sales of $30.99M, slightly below the $31.00M estimate. Despite the misses, EPS improved by 48.57% and sales increased by 10.82% year-over-year.
Veritone's Q2 earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. However, the year-over-year improvements in EPS and sales may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100