NUAN: Earnings Review

Nuance Communications (NUAN) is up 3.5% in after-hours trading after reporting fiscal fourth-quarter earnings results after the bell. Adjusted earnings of $0.33 a share were $0.03 higher than last year and $0.06 better than the Street had been expecting. Sales were up 6% to $520 million, which were also better than the anticipated $510 million. I believe the market especially liked NUAN’s strong bookings of $614 million, up 26% from last year and an impressive 20% higher than total revenues.

This was a solid quarter for NUAN and I expect the stock to continue trading steadily tomorrow. I will be back in touch with more information from tonight’s conference call, so be sure to keep an eye on the Update Center. NUAN is a buy under $17