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Nuance Communications: Fiscal 4Q Earnings Snapshot

·1 min read

BURLINGTON, Mass. (AP) _ Nuance Communications Inc. (NUAN) on Wednesday reported a fiscal fourth-quarter loss of $23.9 million, after reporting a profit in the same period a year earlier.

The Burlington, Massachusetts-based company said it had a loss of 8 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 18 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

The voice and language technology company posted revenue of $352.9 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $346.4 million.

For the year, the company reported profit of $21.4 million, or 7 cents per share. Revenue was reported as $1.48 billion.

Nuance Communications shares have increased 90% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $33.94, more than doubling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NUAN at https://www.zacks.com/ap/NUAN