Nuance Q2 Results Top Estimates; Guides Q3 Below Consensus

(RTTNews) - Nuance Communications, Inc. (NUAN) reported a net loss for the second quarter of $39.2 million or $0.12 per share, compared to a net loss of $25.8 million or $0.08 per share for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was $88.3 million or $0.28 per share, compared to $110.4 million or $0.34 per share in the prior year quarter.

Second quarter revenue rose to $475.7 million from $451.0 million a year ago, while adjusted revenue grew to $490.0 million from $484.0 million last year.

Analysts polled by Thomson Reuters expected the company to earn $0.23 per share on revenue of $484.17 million for the second quarter. Analysts' estimates typically exclude special items.

Looking forward to the third quarter, the company forecasts adjusted revenues of $488 million to $508 million and adjusted earnings of $0.24 to $0.29 per share. Analysts currently expect the company to earn $0.30 per share on revenue of $526.99 million for the third quarter.

For the fiscal year 2014, the company now expects adjusted revenues of $2.00 billion to $2.04 billion and adjusted earnings of $1.09 to $1.19 per share. Previously, the company expected adjusted revenue of $2.03 billion to $2.09 billion and adjusted earnings of $1.07 to $1.17 per share. Analysts currently expect the company to earn $1.12 per share on revenue of $2.06 billion for the fiscal year 2014.