Investor reaction to Nuance Communications’ (NUAN) fiscal fourth-quarter results was anything but nuanced on Tuesday. Nuance shares jumped to a two-year high after the speech-recognition technology company reported Q4 results that beat Wall Street’s expectations late Monday. Nuance was up 18% to above 20 in afternoon trading on the stock market today. Burlington, Mass.-based Nuance earned 41 cents a share excluding items on sales of $513 million
Speech recognition software leader Nuance Communications (NUAN) on Tuesday introduced a new suite of dictation products for professionals that span PCs and mobile devices and are connected by the Internet cloud. Nuance says its latest Dragon-branded products will improve productivity and efficiency for lawyers, social workers and other professionals, especially when they’re out of the office. At a live webcast event on Tuesday, Peter Mahoney,
Nuance Communications (NUAN) late Monday reported fiscal Q4 revenue and earnings that topped Wall Street views, but its forecast for the current quarter was shy of analysts’ consensus. The Burlington, Mass.-based company, which provides voice-recognition software, forecast earnings per share excluding items of 21 to 23 cents for the current quarter on revenue of $480 million to $490 million. Analysts polled by Thomson Reuters had modeled for EPS