Stock Track | Cerence Inc. Plunges 5.02% in Pre-market After Reporting Quarterly Loss and Revenue Decline

Stock Track02-07

Cerence Inc. (CRNC), a leading provider of conversational AI solutions, saw its stock plunge by 5.02% in pre-market trading on Friday, following the release of its quarterly earnings report.

The company reported a quarterly adjusted loss of $0.03 per share for the quarter ended December 31, compared to an earnings per share of $1.12 in the same quarter last year. Additionally, revenue fell by 63.2% year-over-year to $50.9 million, slightly above analysts' expectations of $50.84 million.

Despite beating analysts' estimates on earnings and revenue, Cerence Inc.'s disappointing financial performance, with a reported quarterly loss of $24.29 million, likely contributed to the stock's pre-market decline. Investors may also be concerned about the company's growth prospects, as the average analyst rating on the shares remains a "hold" with a median 12-month price target of $10.00.

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Plunges 5.02% in Pre-market After Reporting Quarterly Loss and Revenue Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-07 21:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Cerence Inc. (CRNC), a leading provider of conversational AI solutions, saw its stock plunge by 5.02% in pre-market trading on Friday, following the release of its quarterly earnings report.</p>\n\n<p>The company reported a quarterly adjusted loss of $0.03 per share for the quarter ended December 31, compared to an earnings per share of $1.12 in the same quarter last year. 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