Shares of Cerence CRNC remained unaffected after the company reported Q2 results.
Quarterly Results
Earnings per share rose 60.47% year over year to $0.69, which beat the estimate of $0.52.
Revenue of $98,662,000 rose by 14.07% year over year, which beat the estimate of $93,440,000.
Looking Ahead
Q3 EPS expected to be between $0.52 and $0.57.
Q3 revenue expected between $94,000,000 and $97,000,000.
Conference Call Details
Date: May 10, 2021
Time: 10:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/t6jsv86w
Recent Stock Performance
52-week high: $139.00
52-week low: $20.51
Price action over last quarter: down 26.03%
Company Overview
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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