Cerence: Q1 Earnings Insights

Cerence 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.

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.

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:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.56	0.54	0.52	0.51
EPS Actual	0.66	0.62	0.69	0.59
Revenue Estimate	97.92M	96.27M	93.44M	87.91M
Revenue Actual	66.96M	96.80M	98.66M	94.96M

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

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