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Stock impact report

SoundHound Shares Sink Despite Surging Revenue. Is It Time to Buy the Stock on a Dip? [Yahoo! Finance]

FactSet Research Systems Inc. (FDS) 
Last factset research systems inc. earnings: 3/26 07:01 am Check Earnings Report
US:NYSE Investor Relations: investor.factset.com
Company Research Source: Yahoo! Finance
However, the stock is still up about 200% on the year, as of this writing. With the company reporting strong revenue growth, let's take a closer look at the company's most-recent results to see if this is a good opportunity to buy the stock on this dip. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Despite the drop in its stock price, SoundHound's Q3 results were actually quite strong. The company's revenue surged 89% year over year to $25.1 million. Adjusted earnings per share (EPS) came in at a loss of $0.04, which was a nice improvement from the $0.06 loss it reported a year ago. Those numbers topped the analyst consensus calling for revenue of $23 million and a loss of $0.07, as compiled by Factset It said that its cumulative subscriptions and bookings backlog, excluding its acquisition of Amelia, was double the year-ago period. It said that this number would be more than $1 billion, including Amelia, with an av Show less Read more
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