Nuance Communications Inc. (NUAN) reported first quarter adjusted net income of $0.35 per share after the close Thursday, compared to $0.34 per share in the previous year. The consensus estimate was for EPS of $0.36.
Nuance Communications gapped open sharply lower Friday and fell in early trade, before settling into a narrow range. Shares finished down by 4.55 at $20.00 on the highest volume of the year. The stock sank to over a 2-month low and fell below both its 50 and 200-day moving averages.
by RTT Staff Writer
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