Nuance Communications Inc. (NUAN) reported fourth quarter adjusted net income of $0.51 per share after the close Monday, up from $0.42 per share last year. The consensus estimate was for EPS of $0.48. Adjusted revenues were $490.1 million, up from $399.5 million in the same quarter last year. Analysts estimated revenues of $496.51 million. The stock is now down 0.57 on 79K shares.
Nuance Communications gapped open higher Monday and climbed throughout the first 2 hours of trade. The stock closed up by 1.22 at $21.57 on above average volume.
by RTT Staff Writer
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