Nuance Communications: Fiscal 4Q Earnings Snapshot
BURLINGTON, Mass. (AP) _ Nuance Communications Inc. (NUAN) on Monday reported a loss of $35.1 million in its fiscal fourth quarter.
On a per-share basis, the Burlington, Massachusetts-based company said it had a loss of 12 cents. Earnings, adjusted for one-time gains and costs, were 38 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.
The voice and language technology company posted revenue of $532.9 million in the period. Its adjusted revenue was $536.2 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $525.4 million.
For the year, the company reported that its loss widened to $159.9 million, or 55 cents per share. Revenue was reported as $2.07 billion.
Nuance Communications shares have fallen slightly since the beginning of the year. In the final minutes of trading on Monday, shares hit $16.27, a climb of 13 percent in the last 12 months.