said Friday its first-quarter loss would be much wider than previously expected.
The maker of voice-recognition software said it would lose between 31 cents and 38 cents a share in the first quarter, far higher than analysts' consensus estimate of an 11-cent-a-share loss, as reported by
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First Call/Thomson Financial
. The company lost 26 cents a share in the comparable quarter.
Nuance, which is based in Menlo Park, Calif., said revenue in the first quarter would be $10 million to $12 million, while the consensus of three analysts polled by First Call was $17.7 million.
trading, Nuance was down $3.75, or 22%, from its Thursday closing price of $17 on the