CRNC Beats Q4 Earnings Estimates: Will FY25 Outlook Drag Shares Down? [Yahoo! Finance]
Cerence Inc. (CRNC)
Last cerence inc. earnings: 2/11 07:00 am
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Source: Yahoo! Finance
Revenues came in at $55 million, beating the Zacks Consensus Estimate by 13.85% but declined 32.1% year over year. The year-over-year decline was largely due to the one-time $12.8 million fixed license revenue signed last year and $9.2 million from the legacy Connected Services contract with Toyota, decommissioned in the fiscal first quarter of 2024. Cerence's penetration of global auto production for the trailing 12 months also declined slightly to 52% from 53% in the previous quarter, mainly due to weaker production volumes from its key customers. License revenues (46.2% of revenues) of $25.3 million beat the Zacks Consensus Estimate by 28.64% but missed 41% year over year. Cerence Inc. price-consensus-eps-surprise-chart | Cerence Inc. Quote Connected Services (22.1% of revenues) of $12.1 million beat the Zacks Consensus Estimate by 11.1% but declined 36.9% year over year. Professional Services (31.7% of revenues) of $17.4 million missed the Zacks Consensus Estimate by 1.
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CRNC
News
- Investors in Cerence (NASDAQ:CRNC) have unfortunately lost 89% over the last three years [Yahoo! Finance]Yahoo! Finance
- Tuya Rises 19% in 3 Months: How Should Investors Play the Stock? [Yahoo! Finance]Yahoo! Finance
- Cerence Announces Repurchase of $27 Million of 3% Senior Notes Due 2025 [Yahoo! Finance]Yahoo! Finance
- Cerence Announces Repurchase of $27 Million of 3% Senior Notes Due 2025GlobeNewswire
- Cerence Stock Rises 151% in a Month: Is There More Room to Run? [Yahoo! Finance]Yahoo! Finance
CRNC
Earnings
- 11/21/24 - Beat
CRNC
Sec Filings
- 12/23/24 - Form 8-K
- 12/13/24 - Form PRE
- 12/10/24 - Form 4
- CRNC's page on the SEC website