SoundHound AI (SOUN), a leader in voice artificial intelligence, late Thursday beat Wall Street's targets for the fourth quarter and raised its outlook for full-year 2025. SOUN stock surged in extended trading.
3M In Focus" vid-repeat="1" vid-top="" vid-url="https://content.jwplatform.com/manifests/5lgu7Cd9.m3u8" vid-width="100"> ↑ X NOW PLAYING Nasdaq Tumbles To 2025 Lows; Nutanix, Urban Outfitters, 3M In FocusThe Santa Clara, Calif.-based company lost an adjusted 5 cents a share on revenue of $34.5 million in the December quarter. Analysts polled by FactSet had expected SoundHound to lose 10 cents a share on sales of $33.7 million in Q4. In the year-earlier quarter, SoundHound lost an adjusted 4 cents a share on sales of $17.1 million.
In after-hours trading on the stock market today, SOUN stock jumped more than 8% to 10.02. During the regular session Thursday, SOUN stock fell 3.8% to close at 9.21.
Earnings report details to follow.
SoundHound's technology is used by companies to interact with customers in call centers and restaurant drive-thrus. Its voice-response technology also can be found in cars and televisions.
Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.
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