Feb 7 Speech recognition software maker Nuance
Communications Inc reported lower-than-expected
first-quarter results, hurt by higher expenses.
Shares of the Burlington, Massachusetts-based company fell
12 percent to $21.54 during extended trade on the Nasdaq on
The company reported a net loss of $22.1 million, or 7 cents
per share, in the first quarter, compared with a profit of $9.3
million, or 3 cents per share, a year earlier.
Excluding items, Nuance, whose technology powers the Siri
voice recognition feature on Apple Inc's iPhone, earned
35 cents per share.
Revenue rose 28 percent to $462.3 million.
Analysts on average were looking for a profit of 36 cents
per share and revenue of $492.4 million, according to Thomson