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Cerence: Fiscal Q3 Earnings Snapshot
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BURLINGTON, Mass. (AP) — BURLINGTON, Mass. (AP) — Cerence Inc. (CRNC) on Thursday reported profit of $1.5 million in its fiscal third quarter.

The Burlington, Massachusetts-based company said it had net income of 3 cents per share. Earnings, adjusted for stock option expense, came to 15 cents per share.

The automotive artificial intelligence developer posted revenue of $69.6 million in the period.

For the current quarter ending in September, Cerence said it expects revenue in the range of $61 million to $65 million.

The company expects a full-year loss of 2 cents to 6 cents per share, with revenue ranging from $310 million to $314 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRNC at https://www.zacks.com/ap/CRNC

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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