Why Nuance Communications Popped 10% Thursday
Shares of Nuance Communications, Inc. (NASDAQ: NUAN), a leader in artificial intelligence (AI) innovations across multiple industries including healthcare, financial services, and telecommunications, among others, are up 10% Thursday morning after the company released better-than-expected first-quarter results.
Revenue declined slightly compared to the prior year, down to $418.3 million, which still easily topped analysts' estimates of roughly $406 million. Adjusted earnings per share checked in at $0.27, also ahead of analysts' estimates calling for $0.24 per share. The company exceeded both its revenue and earnings-per-share guidance, while also producing margins equal to expectations and posting record revenue in its enterprise business.
Image source: Getty Images.
Source Fool.com
