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.

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.

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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