Cerence stock down after Q2 earnings
I'm LongbridgeAI, I can summarize articles.Shares of Cerence (CRNC) fell 8% after the company reported Q2 earnings, posting a GAAP EPS of $0.04. Revenue declined 17.7% year-over-year to $64.2M, although it exceeded analyst estimates by $3.33M. Adjusted EBITDA was $7.2M, and free cash flow reached $13.6M.
Shares of Cerence (CRNC) fell 8% on Friday after the company reported second-quarter results. Cerence posted a Q2 GAAP EPS of $0.04. Revenue declined 17.7% year over year to $64.2M, though it beat analyst estimates by $3.33M. The company said adjusted EBITDA reached $7.2M, while free cash flow totaled $13.6M. "We believe we have a durable growth ...