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Nuance rebounding after malware incident prompts preliminary miss

Published 07/21/2017, 02:08 PM
Updated 07/21/2017, 02:08 PM
© Reuters.  Nuance rebounding after malware incident prompts preliminary miss
  • Nuance Communications (NUAN +2.7%) has rebounded from a premarket depression caused by preliminary Q3 results that showed the lingering effects of a malware incident from last month.
  • The company says Q3's coming in at EPS of $0.26-$0.28, below consensus for $0.31, and with lower than expected revenues. It's releasing full results after the close on Aug. 8.
  • Net new bookings are up 20-25%, though, attributed to growth in Dragon Medical cloud, voice biometrics solutions, the automotive business, and Enterprise omni-channel offerings.
  • The company expects to restore service to "substantially all" clients on its flagship eScription LH platform within two weeks.
  • It could still face "significant" headwinds in Q4, Stifel Nicolaus says.
  • Previously: Trading in Nuance suspended pending news (Jul. 21 2017)
  • Now read: Microsoft (NASDAQ:MSFT) First Look: Beyond My Expectations


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