Veritone Inc reports results for the quarter ended in June - Earnings Summary

Veritone

08/08/2023 23:24

* Veritone Inc  VERI.OQ  reported a quarterly adjusted loss
of 63
cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for a loss
of 25 cents per share.
    * Revenue fell 18.3% to $27.97 million from a year ago;
analysts
expected $29.07 million. 
    * Veritone Inc's reported EPS for the quarter was a loss
of 63
cents​.
    * The mean earnings estimate of analysts had fallen by
about 30.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Veritone Inc shares had risen by 4.5% this quarter and
lost 22.7% so far this year.
    * The company reported a quarterly loss of $23.3 million.
    * Wall Street's median 12-month price target for Veritone
Inc is
$4.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 10:24 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.25          -0.63          Missed
 Mar. 31 2023      -0.24          -0.26          Missed
 Dec. 31 2022      0.07           0.05           Missed
 Sep. 30 2022      -0.18          -0.16          Beat