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Nov. 20, 2019, 4:22 p.m. EST

Nuance stock rises on earnings beat

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    Nuance Communications Inc. (NUAN)

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By Wallace Witkowski

NUAN

Nuance Communication Inc. /zigman2/quotes/202549318/composite NUAN -0.23% shares rose in the extended session Wednesday after the software company's earnings topped Wall Street estimates. Nuance shares rose 5.2% after hours, following a 0.5% rise in the regular session to close at $16.60. The company reported fiscal fourth-quarter net income of $108.1 million, or 37 cents a share, compared with a loss of $35.1 million, or 13 cents a share, in the year-ago period. Had results been expressed in year-ago accounting standards, Nuance would have reported net income of $121.8 million, or 42 cents a share. Adjusted earnings, using updated accounting standards, were 33 cents a share. Nuance reported revenue rose to $470.7 million, or $487.8 million under old accounting standards, compared with $479.4 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 25 cents a share on revenue of $486.1 million.

/zigman2/quotes/202549318/composite
US : U.S.: Nasdaq
$ 17.47
-0.04 -0.23%
Volume: 2.38M
Dec. 12, 2019 4:00p
P/E Ratio
45.90
Dividend Yield
N/A
Market Cap
$4.94 billion
Rev. per Employee
$196,507
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