Shares of Cerence Inc. (CRNC) are falling more than 8% Monday morning after the company’s fourth-quarter earnings fell short of analysts’ view.
Cerence reported a loss of $11.6 million or $0.29 per share for the fourth quarter, narrower than 230.1 million or $5.84 per share loss a year ago.
Excluding one-time items, the company posted a profit of 3.8 million or $0.09 per share that missed the average estimate of analysts polled by Thomson-Reuters of $0.15 per share.
CRNC, currently at $15.89, has traded in the range of $12.82 – $36.79 in the last 52 weeks.
Source: Read Full Article
Lates News:
-
Earnings Scorecard Eclipses Recession Fears – Market Trends At This Hour
-
BitMEX Co-Founder on Bitcoin and U.S. Banking Crisis
-
Former SEC Attorney Tom Gorman Discusses Uncertainty of Spot Bitcoin ETF Approval
-
Novogratz on US Economy, Crypto Trends, and 2024 Election Insights
-
Cryptos Slide After A Brilliant Rally