Cerence Announces First Quarter Fiscal Year 2022 Results

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Cerence (CRNC) Shares Sink 22% Pre-Open Following Soft Guidance

February 7, 2022 7:46 AM EST

Cerence (NASDAQ: CRNC) Shares Sink 22% Pre-Open Following Soft Guidance

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Cerence (CRNC) Tops Q1 EPS by 8c, Revenue Guidance Misses

February 7, 2022 7:34 AM EST

Cerence (NASDAQ: CRNC) reported Q1 EPS of $0.59, $0.08 better than the analyst estimate of $0.51. Revenue for the quarter came in at $94.4 million versus the consensus estimate of $94.38 million.

GUIDANCE:

Cerence sees Q2 2022 revenue of $82-86 million vs $100 million consensus.... More