Limelight Networks (LLNW) Cuts Q3 Sales Guidance Following EyeWonder Deal; Authorizes $25M Buyback
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Price: $2.46 --0%
Financial Fact:
Total operating expenses: 21.98M
Today's EPS Names:
CHA, EDXC, YAYO, More
Financial Fact:
Total operating expenses: 21.98M
Today's EPS Names:
CHA, EDXC, YAYO, More
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Limelight Networks (Nasdaq: LLNW) confirms it will sell its EyeWonder unit to DG (Nasdaq: DGIT) for $66 million. Limelight sees expenses of about $1.6 million during Q3 on the deal.
The company has reduced its Q3 sales guidance excluding-EyeWonder: from $51.7-$53.2 million to $41.5-$42.5 million, which compares to the Street estimate of $52.8 million.
Also announced a $25 million buyback program.
The company has reduced its Q3 sales guidance excluding-EyeWonder: from $51.7-$53.2 million to $41.5-$42.5 million, which compares to the Street estimate of $52.8 million.
Also announced a $25 million buyback program.
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