Veritone on August 9 released second quarter financial results. It was deemed “a big earnings surprise” to the team at Zacks Equity Research.
A quarterly loss of $0.20 per share was seen by the company; the Zacks consensus estimate was for a -$0.09 loss per share.
With a 12 cent per-loss share in the second quarter of 2021, a wider loss in Q2 2022 was experienced by the technology company actively gaining radio and TV industry clients. Analysts lowered their outlook for Veritone, which had seen growth in its stock since post-pandemic lows experienced in May. On Friday, however, a dip was seen on Wall Street.
