Investing.com - SoundHound AI reported on Thursday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
SoundHound AI announced earnings per share of $-0.15 on revenue of $11.2M. Analysts polled by Investing.com anticipated EPS of $-0.15 on revenue of $8.2M.
SoundHound AI shares are down 28.35% from the beginning of the year, still down 89.58% from its 52 week high of $18.14 set on May 3.
SoundHound AI follows other major Information Technology sector earnings this month
SoundHound AI's report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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