Nuance Communications Inc. (NASDAQ:NUAN) turns to profit that beat Wall Street estimates
Nuance Communications Inc. (NASDAQ:NUAN) jumped yesterday after reporting a profit for the fourth quarter, supported by higher revenues and a heavy income tax gain. Speech-software company reported total revenues for the three-month period advanced 27.7 percent to $468.8 million versus $367.0 million a year ago. Adjusted revenues increased to $490.1 million as compared to $399.5 million last year. Analysts had a mean revenues estimate of $496.51 million for the quarter.
For the fourth quarter, Burlington, Massachusetts-based Company earned $117.6 million or $0.36 per share versus a loss of $5.1 million or $0.02 per share in the same quarter last year. Before certain impacts, earnings grew to $0.51 per share from $0.42 per share last year. On average, 17 analysts surveyed by Thomson Reuters predicted profit of $0.48 per share for the quarter.
With market capitalization of $6.64 billion, Nuance Communications Inc. (NASDAQ:NUAN) shares were trading within the range of $20.61-$21.66 while its opening price was $20.83. NUAN’s 5 years revenue rate remained 27.69% while its current ratio was 1.42and debt to equity was 0.54. Its return on investment was 2.19%.
NUAN belongs to technology sector with industry of Application Software and its archrivals include Microsoft and Oracle. Let’s have a look over opponents’ performance.
Microsoft Corporation (NASDAQ:MSFT) surged 0.78% to $26.73 with the total traded volume of 57.17 million shares and Oracle Corporation (NASDAQ:ORCL) moved up 0.47% to $30.14 with the total traded volume of 22.55 million shares.
NUAN is ahead of its 52 weeks low with 11.59% and lagging behind from its 52 weeks high price with -30.75%. NUAN’s last month’s stock price volatility remained 2.59%. The stock price of NUAN is moving down from its 20 days moving average with -1.10% and remote negatively from 50 days moving average with -7.90%.
NUAN’s current year earnings per share got a lift of 282.12% while its current quarter performance stayed at -10.39%. Company’s beta coefficient included 1.53. Beta factor calculates the amount of market risk linked with market trade.