Earnings Summary: Cerence Q1

Cerence CRNC just disclosed its Q1 earnings on Thursday, February 6, 2025 at 04:05 PM.

Here's a brief overview of the earnings report.

Cerence beat estimated earnings by 88.0%, reporting an EPS of $-0.03 versus an estimate of $-0.26.

Revenue was down $87.44 million from the same period last year.

Last quarter the company beat on EPS by $0.31 which was followed by a 23.0% increase in the share price the next day.

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

Quarter	Q4 2024	Q3 2024	Q2 2024	Q1 2024
EPS Estimate	-0.38	0.05	-0.22	0.90
EPS Actual	-0.07	0.19	-0.09	1.12
Revenue Estimate	47.65M	69.15M	62.04M	131.13M
Revenue Actual	54.80M	70.54M	67.83M	138.34M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Cerence management provided guidance for FY 2025, expecting earnings between $-0.15 and $0.1 per share.

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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