Nuance Communications Q3 Adj. Profit Beats Estimate - Quick Facts

(RTTNews) - Nuance Communications Inc. (NUAN), a provider of voice and language solutions for businesses and consumers, Tuesday reported a loss for the third quarter. On adjusted basis, earnings beat analyst expectations.

For the three-month period, the company reported net loss of $35.0 million or $0.11 per share, compared with net income of $79.3 million or $0.25 per share in the same period last year.

On adjusted basis, Nuance reported earnings of $109.5 million or $0.34 per share, down from $143.7 million or $0.45 per share in the prior year quarter. On average, seventeen analysts polled by Thomson Reuters expected earnings per share of $0.32 for the quarter. Analysts' estimates typically exclude one-time items.

The company generated total revenues of $469.77 million, up 8.8% from $431.74 million during the same period prior year. Non-GAAP revenue grew 9.5 percent to $490.79 million from $448.21 million in the third quarter of fiscal 2012. Analyst estimated the company to report revenues of $487.64 million.