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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News
- Cerence Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line [Yahoo! Finance]Yahoo! Finance
- Cerence Inc (CRNC) Q4 2024 Earnings Call Highlights: Surpassing Expectations Amidst Challenges [Yahoo! Finance]Yahoo! Finance
- Cerence Inc. (CRNC) Q4 2024 Earnings Call Transcript Nov. 21, 2024 11:52 AM ET [Seeking Alpha]Seeking Alpha
- Tuya Stock Plunges 32% Year to Date: Should You Buy the Dip? [Yahoo! Finance]Yahoo! Finance
- Cerence Announces Fourth Quarter and Fiscal Year 2024 Results [Yahoo! Finance]Yahoo! Finance
CRNC
Earnings
- 11/21/24 - Beat
CRNC
Sec Filings
- 11/21/24 - Form 8-K
- 11/14/24 - Form SC
- 11/4/24 - Form 4
- CRNC's page on the SEC website