Cerence Inc. (CRNC) announced Loss for first quarter of -$5.24 million
The company's bottom line came in at -$5.24 million, or -$0.12 per share. This compares with -$24.29 million, or -$0.57 per share, last year.
The company's revenue for the period rose 126.1% to $115.08 million from $50.90 million last year.
Cerence Inc. earnings at a glance (GAAP) :
-Earnings: -$5.24 Mln. vs. -$24.29 Mln. last year.-EPS: -$0.12 vs. -$0.57 last year.-Revenue: $115.08 Mln vs. $50.90 Mln last year.
-Guidance:Next quarter EPS guidance: $ -0.01 To $ 0.08Next quarter revenue guidance: $ 58.00 M To $ 62.00 MFull year EPS guidance: $ -0.18 To $ 0.25Full year revenue guidance: $ 300 M To $ 320 M
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.