Nuance Communications Falls on Q3 Earnings Release

Shares of Nuance Communications NUAN are trading lower in the after-hours following the release of the company's Q3 earnings results. Currently, shares are lower by 3.09%, trading at $16.23; they ended the regular session higher by 7.44%, at $16.75. Nuance Communications reported Q3 adjusted EPS of $0.35 on revenues of $328.9 million; non-GAAP revenue was $345.1 million. Non-GAAP Revenues increased 16.7% year over year. "In the third quarter, Nuance delivered double-digit year-over-year organic revenue growth, highlighted by our mobile & consumer, healthcare and imaging businesses. In addition, strong bookings in our healthcare and mobile businesses position us for continued growth," said Paul Ricci, chairman and CEO of Nuance. "We continued our investments targeted at accelerating growth in fiscal 2012, enabled by increased revenue, operating margins and operating cash flow." Nuance Communications, Inc. is a provider of voice and language solutions for businesses and consumers around the world.