Cerence (CRNC) Reports Q2 Loss, Tops Revenue Estimates

Cerence (CRNC) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.04 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 ...