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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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