posted better-than-expected second-quarter results and reaffirmed its full-year outlook on higher revenue for its speech and language products.
The company reported earnings of $1.9 million, or 3 cents a share, including acquisition-related charges, compared with a loss of $4.4 million, or 9 cents a share, a year ago. Excluding the charges, ScanSoft earned $4.2 million, or 5 cents a share.
Revenue was up 76% to $26.2 million from $14.9 million a year ago, led by growth in the company's speech and language solutions products and the launch of the new Dragon NaturallySpeaking product line.
Analysts polled by Thomson Financial/First Call had been expecting earnings of 4 cents a share in the quarter.
In a press release, ScanSoft said, "By all measures, the benefits of the speech and language business have exceeded our expectations. The strength of our revenues attest to the market's acceptance of our leading speech technologies."
For the full year, ScanSoft reiterated its guidance for earnings of 26 cents a share on revenue of $110 million, in line with analyst estimates.
Shares of ScanSoft closed at $7.60 Monday on the