Workflow
Cerence (CRNC) Reports Q2 Loss, Tops Revenue Estimates
CRNCCerence(CRNC) Zacks Investment Research·2024-05-09 13:40

Cerence (CRNC) came out with a quarterly loss of 0.09pershareversustheZacksConsensusEstimateofalossof0.09 per share versus the Zacks Consensus Estimate of a loss of 0.23. This compares to loss of 0.04pershareayearago.Thesefiguresareadjustedfornon−recurringitems.Thisquarterlyreportrepresentsanearningssurpriseof60.870.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 60.87%. A quarter ago, it was expected that this automotive artificial intelligence developer would post earnings of 0.90 per share when it actually produced earnings of $1.12, delivering a surprise of 24.44%.Over the last four q ...