Shares of Nuance Fall After Earnings Report
Shares of Nuance Communications (NASDAQ: NUAN) traded lower -- down more than three percent -- after reporting earnings Monday afternoon.
Nuance reported a fourth quarter earnings per share figure of $0.51, more than the $0.48 estimated. However, revenue missed expectations, coming at $490.1 million -- lower than the $496.51 million that was anticipated.
Guidance was also mixed. Nuance guided fiscal-year 2013 EPS higher, $184-1.94 (expectations were for $1.84), but guided first quarter EPS lower: $0.33-0.37, less than the $0.41 that was anticipated.
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