CRNC Beats Q4 Earnings Estimates: Will FY25 Outlook Drag Shares Down?
CRNCCerence(CRNC) ZACKS·2024-11-23 01:40

Cerence (CRNC) reported a loss of 7 cents per share in the fourth quarter of fiscal 2024, which surpassed the Zacks Consensus Estimate by 78.13%. The company reported non-GAAP earnings of 9 cents per share in the previous year.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 contra ...