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BURLINGTON, Mass. - Nuance Communications Inc. narrowed its fiscal fourth-quarter revenue outlook on Wednesday and said it now expects a slightly smaller loss for the period than it predicted earlier.
The speech and imaging software maker cited strong performance in its mobile business and uptake of the program Dragon NaturallySpeaking 10.
Nuance said that it expects fourth-quarter sales of $248 million to $252 million--compared with an August prediction of $245 million to $252 million.
The company also expects a per-share loss of a penny to 2 cents. Previously, it had expected a per-share loss of 2 cents to 3 cents.
On an adjusted basis, the company now anticipates earnings of 25 cents to 26 cents per share, compared with an earlier prediction for 24 cents to 25 cents per share.
Analysts polled by Thomson Reuters expect adjusted earnings of 24 cents per share on $259 million in revenue.
Nuance, which said separately Wednesday that it bought Royal Philips Electronics' speech recognition unit for about 66 million euro, or $96.1 million, added that it expects to slow its acquisitions pace in fiscal 2009.
Shares added a dollar, or 8.2 percent, to $13.19 in premarket trading.
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