Nuance Communications (NUAN) Stock Rises on Earnings Beat
NEW YORK (TheStreet) -- Nuance Communications (NUAN) - Get Report stock is soaring by 8.50% to $18.50 in pre-market trading on Tuesday, after the company's 2015 fourth quarter earnings results beat analysts' expectations.
After the market close on Monday, the Burlington, MA-based voice and language solutions company reported 2015 fourth quarter earnings of 41 cents per share. Revenue increased to $504.1 million, up from $502.3 million a year ago.
Analysts were expecting the company to report earnings of 35 cents per share on revenue of $507.84 million.
"We made substantial progress on our company-wide transformation project, and continued to prioritize resources and focus toward our most significant market opportunities," Chief Financial Officer Dan Tempesta said in a statement. "We expect to continue our improvements in financial performance and lead the company to improved growth in 2016 and beyond."
Separately, TheStreet Ratings team rates NUANCE COMMUNICATIONS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
We rate NUANCE COMMUNICATIONS INC (NUAN) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.
You can view the full analysis from the report here: NUAN
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