The Latest Breaking News from Cerence

Shares of this company doubled after it snagged an automotive deal with the AI giant.

Cerence AI, a rival of SoundHound, announced an automotive pact with Nvidia. Cerence stock popped, SoundHound stock also gained.

The stock market didn't make much progress and posted mixed results on Monday. This beauty stock rallied on expected higher 2024 sales.

 

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Benzinga Pro data, Cerence (NASDAQ:CRNC) reported Q2 sales of $86.28 million. Earnings fell to a loss of $476.00 thousand, resulting in a 102.5% decrease from last quarter.

Within the last quarter, Cerence (NASDAQ:CRNC) has observed the following analyst ratings:

Cerence Inc (NASDAQ:CRNC) reported a second-quarter FY22 revenue decline of 12.5% year-on-year to $86.3 million, above the consensus of $84.6 million. Non-GAAP EPS of $0.33 missed the consensus of $0.34. Segments: Revenue from License fell 14.8% Y/Y to $46.3 million, Connected services decreased 30.3% Y/Y to $19.3 million, and Professional services rose 24.7% Y/Y…

  Cerence (NASDAQ:CRNC) reported its Q2 earnings results on Tuesday, May 10, 2022 at 07:00 AM. Here's what investors need to know about the announcement.