Nuance Communications: Fiscal 3Q Earnings Snapshot
BURLINGTON, Mass. (AP) _ Nuance Communications Inc. (NUAN) on Wednesday reported a loss of $14 million in its fiscal third quarter.
On a per-share basis, the Burlington, Massachusetts-based company said it had a loss of 5 cents. Earnings, adjusted for one-time gains and costs, came to 27 cents per share.
The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 27 cents per share.
The voice and language technology company posted revenue of $502.9 million in the period. Its adjusted revenue was $506 million.
Nuance Communications expects full-year earnings in the range of $1.11 to $1.15 per share.
Nuance Communications shares have decreased 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.53, a fall of nearly 9 percent in the last 12 months.