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Nuance (NUAN) Stock Stumbles on Q3 Revenue Miss, Guidance

NEW YORK (TheStreet) -- Shares of Nuance Communications (NUAN) were retreating 8.01% to $14.99 on heavy trading volume late Tuesday morning after the company reported weaker-than-anticipated revenue for the 2016 third quarter.

After yesterday's market close, the Burlington, MA-based software company posted revenue of $484.9 million, while analysts were expecting revenue of $489.5 million.

Earnings of 38 cents per share topped Wall Street's forecasts by one cent.

For the...