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Investing.com - Cerence reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cerence announced earnings per share of $-0.14 on revenue of $58.1M. Analysts polled by Investing.com EPS of $-0.22 on revenue of $56.09M.
Cerence 's are down 79% and is trading at $15.00 , still down 81.91% from its 52 week high of $84.90 set on Wednesday, January 12, 2022.
Cerence shares lost 2.34% to trade at $15.00 in pre-market trade the report.
Cerence follows other major Information Technology sector earnings this month
Cerence's report follows an earnings missed by NVIDIA on Wednesday, November 16, 2022, who reported EPS of $0.58 on revenue of $5.93B, EPS of $0.71 on revenue of $5.8B.
Cisco had beat expectations on Wednesday, November 16, 2022 with first quarter EPS of $0.86 on revenue of $13.6B, for EPS of $0.84 on revenue of $13.29B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar