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Why Cerence Stock Is Crashing Today

TheMotleyFool

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Yeah, that's going to leave a mark. Shares of Cerence (NASDAQ: CRNC) were plunging in morning trading today, falling 32.8% as of 10:57 a.m. ET after a fiscal first-quarter earnings report that offered guidance well below what Wall Street was forecasting.

Couple that with the announcement that Cerence's chief financial officer (CFO) was leaving in mid-March, and investors wanted nothing to do with the maker of conversational artificial intelligence solutions for the automotive market.

Image source: Getty Images.

Source Fool.com

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