SoundHound AI Is Plummeting Today -- Is It Time to Buy the Stock?

SoundHound AI (NASDAQ: SOUN) stock is losing ground today following the company's third-quarter earnings report Tuesday evening. The company's share price was down 18.7% as of 12:15 p.m. ET.SoundHound AI published third-quarter results after the market closed yesterday, delivering sales and earnings for the period that actually came in significantly better than anticipated. The company posted a non-GAAP (adjusted) loss of $0.04 per share on sales of $25.09 million in the period, beating the average Wall Street call for a per-share loss of $0.07 on revenue of $23.03 million. Sales were up roughly 89% year over year in the quarter, and margins improved on some fronts. Despite the performance beats, the stock is seeing big sell-offs today.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool