Nuance Q1 Loss Widens - Quick Facts

(RTTNews) - Nuance Communications, Inc. (NUAN) reported a first-quarter net loss of $55.4 million, or $0.18 per share, compared to a loss of $22.1 million, or $0.07 per share, prior year. Nuance reported non-GAAP net income of $76.6 million, or $0.24 per share, for the quarter.

On average, 15 analyts polled by Thomson Reuters expected the company to report profit per share of $0.21 for the quarter. Analysts' estimates typically exclude special items.

GAAP revenue was $470.0 million, compared to $462.3 million, pior year. Non-GAAP revenue was $490.1 million, which includes $20.1 million in revenue lost to accounting treatment in conjunction with acquisitions, compared to $492.4 million, a year ago. Analysts expected revenue of $485.15 million for the quarter.

Bookings were $637.3 million, up 26.2% from $504.9 million, a year ago.