Cerence (CRNC) Q3 Earnings and Revenues Top Estimates

Cerence (CRNC) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of$ 0.05 per share. This compares to loss of $0.04 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 280%. A quarter ago, it was expected that this automotive artificial intelligence developer would post a loss of$ 0.23 per share when it actually produced a loss of $0.09, delivering a surprise of 60.87%. Over the last four qu ...