BURLINGTON, Mass. (AP) _ Cerence Inc. (CRNC) on Monday reported fiscal second-quarter earnings of $11.2 million.

The Burlington, Massachusetts-based company said it had net income of 28 cents per share. Earnings, adjusted for one-time gains and costs, came to 69 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.

The automotive artificial intelligence developer posted revenue of $98.7 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $95.1 million.

For the current quarter ending in July, Cerence expects its per-share earnings to range from 52 cents to 57 cents.

The company said it expects revenue in the range of $94 million to $97 million for the fiscal third quarter.

Cerence expects full-year earnings in the range of $2.22 to $2.37 per share, with revenue ranging from $380 million to $390 million.

Cerence shares have declined 11% since the beginning of the year. The stock has more than quadrupled in the last 12 months.

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

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