UPDATE 1-Nuance Q3 revenue trails Street, sees Q4 in line

Related Topics

Quotes

   

Mon Aug 9, 2010 10:20pm BST

* Q3 adj EPS $0.30 vs est. $0.29

* Q3 adj rev $293.4 mln vs est. $300.4 mln

* Sees Q4 in line with Street

* Shares down 7 pct in after-market trade

Aug 9 (Reuters) - Speech recognition technology supplier Nuance Communications Inc (NUAN.O) posted a quarterly adjusted profit that beat expectations, but revenue trailed Street, hurt by a weak performance in its mobile-enterprise segment, sending shares down 7 percent.

Nuance expects fourth-quarter adjusted profit of 31 cents to 34 cents a share, on adjusted revenue of between $310 million and $330 million, it said in a conference call.

For the fourth quarter, analysts were expecting a profit of 33 cents a share on revenue of $325.4 million, according to Thomson Reuters I/B/E/S.

Nuance's third-quarter net loss narrowed to $1.5 million, or 1 cent a share, compared with a loss of $2.8 million, or 1 cent a share in the year-ago period. Excluding items, Nuance earned 30 cents a share.

Adjusted revenue rose 17 percent to $293.4 million. Organic revenue from mobile-enterprise segment fell 1 percent.

Analysts were expecting a profit of 29 cents a share, on revenue of $300.4 million.

Shares of the Burlington, Massachusetts-based company were trading down 7 percent in trading after the bell. They closed at $17.37 Monday on Nasdaq. (Reporting by Sudipto Ganguly in Bangalore; Editing by Vyas Mohan)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.