Nuance Falls 3% After Q4 Results
Nuance Communications (NASDAQ: NUAN) released its fiscal fourth-quarter earnings results after the closing bell on Monday. The stock jumped 6 percent during regular trade, but shares tumbled around 3 percent in the after hours after the company missed revenue estimates.
Adjusted earnings in the period were $0.51 per share, compared to $0.42 per share, in the year ago period. This beat Wall Street analysts consensus EPS estimates of $0.48.
Operating margin rose from 36.1 percent in last year's fourth-quarter to 37.2 percent.
Total revenue in the period was up 27.7 percent to $468.8 million versus $367.0 million last year. Adjusted revenue rose from $399.5 million to $490.1 million. Heading into the report, Wall Street analysts had consensus revenue expectations of $496.51 million, so the company missed sales targets by a wide margin.
Chief Financial Officer Tom Beaudoin said, "Design wins and partnerships with global leaders such as Cerner, Intel and Samsung are extending Nuance technology into new solutions and expanding our addressable markets."
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