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SoundHound AI Stock Gains 3.5% on Revenue Beat and Better-Than-Expected Guidance

TheMotleyFool

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SoundHound AI Stock Gains 3.5% on Revenue Beat and Better-Than-Expected Guidance: https://g.foolcdn.com/editorial/images/754663/soun-stock-earnings-chat-ai.png

Shares of SoundHound AI (NASDAQ: SOUN) gained 3.5% on Friday, following the artificial intelligence-powered voice solutions provider's release on Thursday afternoon of its third-quarter 2023 report.

The stock's rise is attributable to the quarter's revenue exceeding Wall Street's consensus estimate and management's fourth-quarter revenue guidance (at the midpoint) also coming in better than analysts had expected.

Data source: SoundHound. GAAP = generally accepted accounting principles.

Source Fool.com

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