AP NEWS

Nuance Communications: Fiscal 3Q Earnings Snapshot

August 8, 2018

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.

_____

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

AP RADIO
Update hourly