Can SOUN Q3 Earnings Beat and FY24 View Push the Stock Higher?
SoundHound AI(SOUN) ZACKS·2024-11-14 02:26
SoundHound AI (SOUN) incurred a third-quarter 2024 loss of 6 cents per share, down from the year-ago quarter’s loss of 9 cents per share. The figure beat the Zacks Consensus Estimate by 25%.Revenues increased 89% year over year to $25.1 million, beating the Zacks Consensus Estimate by 5.96%. This growth was driven by the expansion of its Generative AI solutions and strong demand across various industries, particularly in automotive and restaurants.In the third quarter of 2024, SOUN completed the acquisition ...