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Cerence (CRNC) Reports Q1 Earnings: What Key Metrics Have to Say
CRNCCerence(CRNC) Zacks Investment Research·2024-02-06 15:46

Cerence (CRNC) reported 138.34millioninrevenueforthequarterendedDecember2023,representingayearoveryearincreaseof65.4138.34 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 65.4%. EPS of 1.12 for the same period compares to 0.36ayearago.Thereportedrevenuerepresentsasurpriseof+5.690.36 a year ago.The reported revenue represents a surprise of +5.69% over the Zacks Consensus Estimate of 130.89 million. With the consensus EPS estimate being $0.90, the EPS surprise was +24.44%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...