Earnings News
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Lionbridge Swings To Profit In Q1

RELATED NEWS
Trade LIOX now with 
5/8/2012 1:32 PM ET

Lionbridge Technologies Inc. (LIOX: Quote) Tuesday reported a profit for the first quarter compared to a loss last year, driven mainly by a double-digit growth in revenues.

The Waltham, Massachusetts-based company's first-quarter net profit was $1.72 million or $0.03 per share, compared to a net loss of $5.45 million or $0.09 per share last year.

For the quarter, the company reported an adjusted net income of $3.87 million or $0.06 per share, compared to an adjusted loss of $1.67 million or $0.03 per share in the prior-year quarter.

On average, five analysts polled by Thomson Reuters expected loss of $0.01 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 12 percent to $112.10 million from $99.65 million in the prior-year quarter. Five analysts had a consensus revenue estimate of $104.17 million for the quarter.

Looking ahead, the company anticipates second-quarter revenues in the range of $113 million to $116 million. Analysts currently expect the company to generate revenues of $113.88 million for the quarter.

Click here to receive FREE breaking news email alerts for LIONBRIDGE TECHNOLOGIES and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.