06:02 PM EDT, 07/02/2024 (MT Newswires) -- Cerence ( CRNC ) said late Tuesday it has appointed Chief Product Officer Nils Schanz to the additional role of chief technology officer, succeeding Iqbal Arshad, who will depart, effective Friday.

The company also reaffirmed its Q3 guidance, including for revenue of $66 million to $72 million.

Analysts polled by Capital IQ expect $68.5 million.

Cerence ( CRNC ) shares were down about 1.9% in after-hours activity.

Price: 3.0500, Change: -0.06, Percent Change: -1.93