Cerence Announces Record Second Quarter 2021 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/21/2026
- Wall St futures rise as AI stocks gain, oil prices slide
- Oil prices slide to 11-day low on hopes of US-Iran diplomacy, Saudi exports
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Far-left party wins Berlin election, pledging to nationalise housing
- Cybercrime feud erupts on dark web as notorious group claims hijack of rival's website
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Anthropic and Accenture partner on embedded AI safety evaluation
Cerence (CRNC) Tops Q2 EPS by 17c, Revenues Beat; Offers 3Q & FY21 EPS Guidance Above Consensus, Affirms 3Q Revenues Outlook
May 10, 2021 7:16 AM EDTCerence (NASDAQ: CRNC) reported Q2 EPS of $0.69, $0.17 better than the analyst estimate of $0.52. Revenue for the quarter came in at $98.66 million versus the consensus estimate of $93.44 million.
Cerence Second Quarter Highlights
Set new quarterly record of $98.7M in revenue, up 14% compared to the same quarter last fiscal yearExceeded company quarterly guidance on all GAAP and non-GAAP financial metricsContinued to deliver strong GAAP Net Income of $11.2M, and Adjusted EBITDA of $39.3MRaised full year revenue and profitability guidanceStrong bookings for new Applications productsCompleted strategic wins in the... More