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