Cerence (CRNC) Q1 Earnings and Revenues Beat Estimates

Cerence (CRNC) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of$ 0.90 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 24.44%. A quarter ago, it was expected that this automotive artificial intelligence developer would post earnings of$ 0.13 per share when it actually produced earnings of $0.09, delivering a surprise of -30.77%.Over the la ...