Lionbridge Technologies Inc. (LIOX: Quote) reported second-quarter net income of $2.5 million or $0.04 per share, up from $1.7 million or $0.03 per share last year.
Excluding items, adjusted earnings for the quarter was $11.1 million or $0.18 per share, compared to the adjusted earnings of $4.3 million or $0.07 per share in the prior-year quarter.
On average, five analysts polled by Thomson Reuters expected the company to breakeven for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew 5 percent to $119.2 million from $113.2 million in the prior-year quarter. Five analysts had a consensus revenue estimate of $114.84 million for the quarter.
Looking ahead, Lionbridge forecasts revenue of $112-115 million for the third quarter. It also expects continued revenue and earnings growth in the fourth quarter.
Analysts currently expect the company to generate revenues of $114.17 million in the third quarter.
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by RTT Staff Writer
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