Tuesday, August 4, 2020

Cerence (CRNC) up 22% on earnings beat.

- Revenue came in at $74.8M, well over analyst expectations of $61.5M.
- Net income was $0.31 per share, compared to expectations of $0.07.
- Company says bookings are gaining momentum.
- An estimated 54% of worldwide auto production now incorporates Cerence's technology in some way.
- Rating: Strong Buy.

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