Nuance says 1Q loss widens on one-time charges

The company said its loss for the quarter ended March 31 grew to $26.8 million, or 13 cents per share, from $1.7 million, or 1 cent per share, in the same quarter last year.

Revenue rose 54 percent to $203.3 million from $132.1 million in the year-ago quarter, the company said.

When excluding one-time costs due to several acquisitions and expenses related to noncash assets and an accounting charge against revenue tied to the acquisitions, the company posted a profit of $41.6 million, or 18 cents per share, on $219.9 million in revenue.

Analysts polled by Thomson Financial expected a profit of 18 cents per share on revenue of $214.3 million. Such estimates typically exclude one-time costs.

Nuance said the acquisition charges were related to its purchases of Tegic, Viecore and VoiceSignal.

Shares of Nuance fell 86 cents, or 4.1 percent, to $20.15 in after-hours trading Monday. During the regular session, the stock climbed 69 cents, or 3.4 percent, to $21.01.