Shares of Cerence Inc. (CRNC) are falling more than 8% Monday morning after the company's fourth-quarter earnings fell short of analysts' view.
Cerence reported a loss of $11.6 million or $0.29 per share for the fourth quarter, narrower than 230.1 million or $5.84 per share loss a year ago.
Excluding one-time items, the company posted a profit of 3.8 million or $0.09 per share that missed the average estimate of analysts polled by Thomson-Reuters of $0.15 per share.
CRNC, currently at $15.89, has traded in the range of $12.82 - $36.79 in the last 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.