Cerence (CRNC) Q1 Earnings and Revenues Surpass Estimates

Cerence (CRNC) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to a loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +10,000.00%. A quarter ago, it was expected that this automotive artificial intelligence developer would post a loss of $0.66 per share when it actually produced earnings of $0.06, delivering a surprise of +109.09% ...