Cerence (CRNC) Reports Q4 Loss, Tops Revenue Estimates
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Cerence (CRNC) reported a Q4 loss of $0.07 per share, which was better than the expected loss of $0.32 per share. This is a decline from the $0.09 earnings per share reported a year ago.
November 21, 2024 | 2:30 pm
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Cerence reported a Q4 loss of $0.07 per share, better than the expected loss of $0.32, but a decline from last year's $0.09 EPS.
Cerence's reported loss was significantly better than expected, which is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. However, the decline from last year's earnings may temper enthusiasm.
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