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Benzinga
Benzinga
Business
Dylan Berman

SoundHound Stock Is Rising Higher Friday: What's Going On?

SOUN SoundHound Soundhound AI Inc
SoundHound AI, Inc.

SoundHound AI, Inc. (NASDAQ:SOUN) shares are trading higher Friday after the company reported better-than-expected second quarter financial results and raised its fiscal year 2025 sales guidance above estimates on Thursday after the market closed.

What To Know: SoundHound reported an adjusted loss of 3 cents per share, beating the consensus estimate of a 9 cent-loss. In addition, the company posted sales of $42.68 million, beating the consensus estimate of $32.88 million and representing a 217% year-over-year increase.

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