Cerence: Q4 Earnings Insights

Cerence CRNC reported its Q4 earnings results on Monday, November 27, 2023 at 07:00 AM.

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

Earnings

Cerence missed estimated earnings by 40.0%, reporting an EPS of $0.09 versus an estimate of $0.15.

Revenue was up $22.62 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.11 which was followed by a 1.87% drop in the share price the next day.

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

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate -0.15 -0.12 0.09 -0.23
EPS Actual -0.04 -0.04 0.36 -0.14
Revenue Estimate 60.83M 65.96M 76.55M 56.05M
Revenue Actual 61.66M 68.39M 83.66M 58.14M

To track all earnings releases for Cerence visit their earnings calendar here.

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

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