Nuance Communications Drops 6% After Q4 Results, Weak Guidance

is trading down in after hours trading after the company reported its fourth quarter results. Nuance reported a Q4 EPS of $0.30 versus the Street estimate of $0.29. Earnings per share were down 41 percent from the year-ago period. Revenue came in at $472.2 million versus the Wall Street estimate of $489.56 million. Sales were down four percent year-over-year. "We are pleased that we achieved fourth quarter results consistent with our guidance, and executed on our strategy to enter new growth markets, deliver a new generation of solutions and enable attractive, recurring revenue streams," Paul Ricci, Nuance Chairman and CEO, said in a

. While Nuance has admitted that it is

that powers Siri, the voice recognition software that debuted with

iPhone 4S, investors don't seem to be overly excited. The stock is down more than 29 percent year-to-date. In after hours trading, Nuance hovered between gains and losses in the minutes leading up to its earnings results. The stock is now down more than six percent. Investors may be turned off by the weak guidance. Nuance expects to report a Q1 EPS between $0.18 and $0.21 versus the Street estimate of $0.33. The company's FY2014 EPS estimates are also lower than what Wall Street anticipated. Nuance expects to report an FY14 EPS between $1.05 and $1.15. Wall Street thought it would be much higher at. The firm's fiscal year revenue is expected to fall within the $2.03 billion to $2.09 billion range versus the Street estimate of $2.08 billion. Disclosure: