Shares of Cerence CRNC moved higher by 1.9% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share increased 103.45% over the past year to $0.59, which beat the estimate of $0.51.
Revenue of $94,964,000 rose by 22.60% year over year, which beat the estimate of $87,910,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
How To Listen To The Conference Call
Date: Feb 08, 2021
Time: 10:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/tnxbiyqw
Recent Stock Performance
52-week high: $129.09
52-week low: $11.39
Price action over last quarter: Up 83.09%
Company Profile
Cerence Inc is a United States-based software company. It is involved in developing mobility-based solutions for drivers and their cars. The customers include all major automobile original equipment manufacturers, or OEMs, or their tier 1 suppliers. The company's revenue is generated by selling software licenses and cloud-connected services. Geographically, it derives a majority of revenue from the United States and also has a presence in Other Americas; Germany; Other Europe, Middle East and Africa; Japan and Other Asia-Pacific.
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