Cerence (CRNC) Reports Q1 Loss, Tops Revenue Estimates

Cerence (CRNC) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of$0.27. This compares to earnings of $1.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 88.89$0.32 per share when it actually produced a loss of $0.07, delivering a surprise of 78.13%.Over the last four q ...