Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of speech-recognition specialist Nuance Communications (Nasdaq: NUAN ) are chalking up some nice gains today, up by as much as 14% after the company issued preliminary earnings.
So what: While its official earnings release isn't scheduled until May, the company is giving a peek as it finalizes its figures. Revenue should be between $416 million and $418 million, with non-GAAP earnings per share from $0.42 to $0.43.
Now what: Those figures are higher than both the company's previously issued guidance and the Street's forecast. In February, Nuance said it expected revenue of $395 million to $415 million, with earnings in the range of $0.36 to $0.40 per share. The company may have gotten frustrated that shares have cratered since the last report, and it's letting investors know to expect an upbeat quarter.
Interested in more info on Nuance Communications? Add it to your watchlist by clicking here.