Recap: Cerence Q2 Earnings

Cerence CRNC reported its Q2 earnings results on Tuesday, May 10, 2022 at 07:00 AM.

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

Cerence missed estimated earnings by 2.94%, reporting an EPS of $0.33 versus an estimate of $0.34.

Revenue was down $12.38 million from the same period last year.

Last quarter the company beat on EPS by $0.08 which was followed by a 5.0% increase in the share price the next day.

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

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.51	0.56	0.54	0.52
EPS Actual	0.59	0.66	0.62	0.69
Revenue Estimate	94.38M	97.92M	96.27M	93.44M
Revenue Actual	94.43M	66.96M	96.80M	98.66M

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 2022, expecting earnings between $1.8 and $2.16 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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