Cerence Drops 8% After Earnings Miss

On:

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:
  1. Bloomberg Expert Analyst Explains Why A Fall To $10,000 Isn’t Bad For Bitcoin
  2. K33 Research Highlights Unwavering Institutional Demand for Bitcoin
  3. Cryptos Rise Amidst The Dollar's Retreat
  4. Crypto Market Surges Ahead of Equities: Dr. Dragosch's Analysis
  5. Bitcoin’s Correlation with Traditional Markets and Gold Diminishes: Here’s Why