Nuance Communications: Fiscal 4Q Earnings Snapshot
BURLINGTON, Mass. (AP) _ Nuance Communications Inc. (NUAN) on Wednesday reported fiscal fourth-quarter net income of $108.1 million, after reporting a loss in the same period a year earlier.
The Burlington, Massachusetts-based company said it had profit of 37 cents per share. Earnings, adjusted for one-time gains and costs, were 33 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The voice and language technology company posted revenue of $470.7 million in the period. Its adjusted revenue was $472 million, falling short of Street forecasts. Three analysts surveyed by Zacks expected $484 million.
For the year, the company reported net income of $213.8 million, or 74 cents per share, swinging to a profit in the period. Revenue was reported as $1.83 billion.
Nuance Communications shares have climbed 25% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.60, a climb of roughly 5% in the last 12 months.