Nuance Communications Lifts Q1 Outlook, Shares Up

(RTTNews) - Nuance Communications Inc. (NUAN) Tuesday lifted its financial outlook for the first quarter and also appointed Bill Robbins as executive vice president, Worldwide Sales. Shares of Nuance surged 10 percent following the news. Nuance now expects first-quarter loss of between $0.19 and $0.18 per share and adjusted earnings of $0.23 to $0.24 per share. Earlier, the company expected loss of between $0.22 and $0.19 per share and adjusted earnings of $0.18 and $0.21 per share.

The company now expects adjusted revenues between $487 million and $491 million and GAAP revenues between $467 million and $471 million. Initially, Nuance expected adjusted revenues between $477 and $487 million and GAAP revenues between $458 and $468 million.

Analysts polled by Thomson Reuters currently estimate earnings of $0.20 per share and revenues of $482.46 million for the quarter.

Nuance also appointed Bill Robbins as executive vice president, Worldwide Sales. In this role, Robbins will oversee all aspects of sales globally, including customer and partner relationships, sales strategy, and operations of the Nuance sales organization.