Stock Track | Cerence Inc. Plunges 5.41% After-Hours Following Disappointing Q1 Results
Stock Track
Feb 07, 2025
Cerence Inc. (CRNC) stock plummeted 5.41% in after-hours trading on Thursday, following the release of the company's disappointing Q1 2025 financial results.
The key highlights from Cerence's Q1 earnings report that likely contributed to the stock's drop:
Adjusted gross margin of 65.9%, indicating potential margin pressures
Operating margin of -33.3%, reflecting poor profitability
Adjusted EBITDA margin of only 2.7%, further evidence of weak profitability
Adjusted operating margin of -1%, missing expectations
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