CRNC Beats Q4 Earnings Estimates: Will FY25 Outlook Drag Shares Down?
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Cerence (CRNC) reported strong fiscal Q4 earnings, surpassing estimates due to advancements in AI and customer acquisitions. However, the company's weak fiscal 2025 guidance may negatively impact its stock price.
November 22, 2024 | 6:00 pm
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Cerence's strong Q4 earnings, driven by AI advancements and customer wins, were overshadowed by weak fiscal 2025 guidance, potentially impacting stock negatively.
Despite beating Q4 earnings estimates due to AI progress and customer wins, Cerence's weak fiscal 2025 guidance suggests potential challenges ahead, likely leading to a negative short-term impact on its stock price.
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