Lionbridge Technologies (LIOX) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Lionbridge Technologies (LIOX) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.07 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.11. The company posted revenue of $144.20 million in the period, compared to analysts expectations of $146.35 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on Lionbridge Technologies. Shares were Reiterated by Barrington Research on May 9, 2016 to “Outperform” and Lowered the Price Target to $ 7 from a previous price target of $8 .

Lionbridge Technologies closed down -0.01 points or -0.22% at $4.57 with 1,55,583 shares getting traded on Tusday. Post opening the session at $4.58, the shares hit an intraday low of $4.49 and an intraday high of $4.61 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on May 10, 2016, Rory J Cowan (CEO) purchased 21,052 shares at $4.39 per share price. According to the SEC, on Mar 9, 2016, Paul Kavanagh (director) sold 10,000 shares at $5.01 per share price. On Mar 4, 2016, Steven R Fisher (director) sold 10,000 shares at $4.89 per share price, according to the Form-4 filing with the securities and exchange commission.

Lionbridge Technologies Inc. (Lionbridge) is a provider of globalization solutions. The Company provides translation online marketing global content management and application testing solutions that ensure local relevancy global brand consistency and technical usability. The Company operates in three segments: Global Language and Content (GLC) Global Enterprise Solutions (GES) and Interpretation Services. Under GLC solutions it translates localizes and adapts clients’ content and products to meet the language cultural technical and industry-specific requirements of users in local markets throughout the world. Under GES solutions it tests software and online search results to help clients deliver high-quality relevant applications in global markets. It offers telephonic onsite and simultaneous interpretation services in over 360 languages to federal state and local government agencies businesses and healthcare organizations.

Lionbridge Technologies

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