— Nuance Communications Inc. (NASDAQ: NUAN) reported its fourth-quarter 2019 adjusted earnings of $0.34 per share under ASC 605 methodology versus $0.28 per share expected.
— Total revenues rose by 2% to $487.8 million versus $485.5 million expected. Adjusted revenue rose by 1.5% to $489.3 million.
— Organic revenue growth of 2% compared to the same period last year.
— Recurring revenue of $376.9 million, up 650 basis points year over year.
— Looking ahead into fiscal 2020, the company expects a continuation of the favorable business trends. Adjusted revenue is predicted to be $1.495-1.535 billion under ASC 606 methodology.
— Adjusted earnings are anticipated to be in the range of $0.80 to $0.88 per share for fiscal 2020 under ASC 606 methodology.
Most Popular
Kroger (KR) looks set to start 2023 with new vigor. Is the stock a buy?
The retail environment has witnessed many changes in customers’ shopping behavior lately, especially after the COVID outbreak. With inflation putting pressure on personal finances, there appears to be a new
Dollar General (DG): Five takeaways from the discount store’s Q3 earnings report
Shares of Dollar General Corporation (NYSE: DG) were up over 2% on Friday, a day after the company delivered mixed results for the third quarter of 2022 and lowered its
Salesforce stock hit by weak guidance, co-CEO’s exit. What next?
For technology stocks, 2022 has been a challenging year, with companies losing significant market value amid prolonged stock selloff. In that respect, Salesforce, Inc. (NYSE: CRM) is among the worst-affected
