Cerence Slips 15% After FY22 Revenue Outlook Lowered

Shares of Cerence Inc. (CRNC) are slipping nearly 15% on Tuesday morning after the company lowered its revenue outlook for the full year 2022.

CRNC is currently trading at $25.36, down $4.39 or 14.75%, on the Nasdaq. The stock opened its trading at $24.25 after closing Monday’s trading at $29.75. The stock has traded between $22.68 and $125.73.

Third-quarter net loss was $99.3 million or $2.53 per share, compared to net income of $5.8 million or $0.15 per share. Adjusted profit dropped to $17.0 million or $0.43 per share from $26.1 million or $0.62 per share last year. Analysts polled by Thomson Reuters expected earnings of $0.42 per share.

Revenues for the quarter dropped to $89.0 million from $96.8 million last year. Analysts had a consensus revenue estimate of $91.7 million.

Looking forward to fourth quarter, the company expects revenues of $52 million to $58 million. Analysts currently estimate revenues of $98.46 million for the quarter.

For the full fiscal year 2022, revenue is now expected to be in the range of $322 million to $328 million, down from prior outlook of $365 million to $385 million. Analysts currently estimate earnings of $370.89 million for the year.

Flying J Ranch Park to close Tuesday morning due to search for missing person

JEFFERSON COUNTY — Flying J Ranch Park near Conifer will remain closed Tuesday morning due to a search for a missing person, the Jefferson County Sheriff’s Office announced.

No one will be allowed into the park until further notice.

A spokesperson for the sheriff’s office said they are looking for a man who is currently missing. His car was found in the area, and authorities believe he may be in the park. No other details were given.

Read the full story at thedenverchannel.com.

Uranium Energy Reveals Receipt Of New Denison Proposal To Acquire UEX

Uranium Energy Corp. (UEC) announced on Tuesday that Denison Mines Corp. has made a new non-binding proposal to acquire UEX shares.

Further, UEX advised UEC that its board has determined to unilaterally postpone securityholders meeting of UEX shareholders to August 15. 2022. The special meeting will consider whether the New Denison Proposal constitutes a ‘Superior Proposal.’

Amir Adnani, President and CEO said, “The new non-binding Denison offer is 5% more dilutive to its shareholders compared to UEC’s superior bid. The Denison offer is also inferior as it introduces deal uncertainties for UEX shareholders, that is why we are extremely disappointed in the actions of the UEX board in delaying the shareholder vote.

Denver police investigating death as homicide

The body of what appeared to be an adult male was found in Denver and is being investigated as a homicide, police said.

Police said the investigation was taking place near the 9000 block of West Saratoga Place.

At 9:14 p.m. Monday, the Denver Police Department wrote on Twitter that the body appeared to be an adult male and they would be trying to determine the man’s identity and investigating his death.

Police are asking that anyone with information call Crime Stoppers at 720-913-7867.

Jo Koy on Comedy They Told Him Wouldn’t Work

The standup’s breakthrough film, “Easter Sunday,” focuses on Filipino family themes dear to him, especially after naysayers said audiences couldn’t relate.

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By Robert Ito

Applied Materials Stock Continues To Slide

Applied Materials, Inc. (AMAT) shares are declining more than 6 percent on Tuesday morning, continuing a decline since July end. There were no stock-specific news on the day.

Currently, shares are at $100.94, down 6.39 percent from the previous close of $107.83 on a volume of 2,849,950. For the 52-week period, the shares have traded in a range of $82.67-$167.06 on average volume of 7,523,177.

Demand for Italian Beef Is Booming. Thank ‘The Bear.’

The FX series has fueled a spike in sales of the sandwich at Chicago-specialty restaurants across the country.

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By Rachel Sherman

Lemonade Gains On Increase In Q2 Revenue

Lemonade, Inc. (LMND) shares are trading more than 14 percent on Tuesday morning after the company reported an increase in second-quarter revenue from the prior year.

Quarterly revenue was $50 million, compared to $28.2 million in the previous year.

For the third quarter, the company expects revenue in the range of $63-$65 million.

For the full year 2022, the company projects revenue in the range $236-$239 million.

Martha Plimpton Can’t Say Enough About Pamela Adlon, the Tate Modern and Abortion Rights

The star of Amazon Freevee’s new comedy, “Sprung,” also confesses her public radio addiction and shows off her Edward Gorey tattoo.

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By Kathryn Shattuck