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 – $36.79 in the last 52 weeks.
Source: Read Full Article
Lates News:
-
Why Vitalik Buterin Is ‘Actually Kinda Happy a Lot of the ETFs Are Getting Delayed’
-
New Survey Shows Nearly 50% Of Millennials And Gen Z Want Bitcoin, Cryptos In Their Retirement Fund
-
Bitcoin ($BTC) Traders are Preparing for a ‘Big move’, Says Popular Analyst
-
Elon Musk Fires Back At Twitter with a Counter Lawsuit
-
Billionaire Mike Novogratz Explains When We Will ‘See a Big, Big Rally in Crypto’