Cerence (NASDAQ:CRNC) reported its Q1 earnings results on Monday, February 7, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

Earnings

Cerence beat estimated earnings by 15.69%, reporting an EPS of $0.59 versus an estimate of $0.51, which surprised analysts.

Revenue was up $538.00 thousand from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.1, which was followed by a 5.23% drop in the share price the next day.

Here's a look at Cerence's past performance:

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This article was generated by Benzinga's automated content engine and reviewed by an editor.