Cerence Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Simply Wall St.11-22

Cerence (NASDAQ:CRNC) Full Year 2024 Results Key Financial Results Revenue: US$331.5m (up 13% from FY 2023). Net loss: US$588.1m (loss widened by US$531.8m from FY 2023). US$14.12 loss per share (...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 2.2%. Earnings per share  was mostly in line with analyst estimates.Looking ahead, revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Software industry in the US are expected to grow by 12%.The company's shares are up 91% from a week ago.Before you take the next step you should know about the 3 warning signs for Cerence (1 is a bit unpleasant!","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CRNC":"Cerence Inc."},"translate_title":"Cerence 2024年全年收益：收入超出预期，每股收益符合预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRNC":0.9},"content_text":"Cerence (NASDAQ:CRNC) Full Year 2024 Results\nKey Financial Results\n\nRevenue: US$331.5m (up 13% from FY 2023).\nNet loss: US$588.1m (loss widened by US$531.8m from FY 2023).\nUS$14.12 loss per share (further deteriorated from US$1.40 loss in FY 2023).\n\n\n\n\n  NasdaqGS:CRNC Earnings and Revenue Growth November 22nd 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nCerence Revenues Beat Expectations\n Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) was mostly in line with analyst estimates. \n Looking ahead, revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Software industry in the US are expected to grow by 12%. \nPerformance of the American Software industry.\n The company's shares are up 91% from a week ago. \nRisk Analysis\n Before you take the next step you should know about the 3 warning signs for Cerence (1 is a bit unpleasant!) that we have uncovered. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485554482"}