Lionbridge Technologies (LIOX) Tops Q3 EPS by 6c, Sales Miss; Guides Q4 Sales Below the Street

Lionbridge Technologies (NASDAQ: LIOX) reported Q3 EPS of $0.11, $0.06 better than the analyst estimate of $0.05. Revenue for the quarter came in at $120.2 million versus the consensus estimate of $125.04 million.

Lionbridge Technologies sees Q4 2014 revenue of $120-123 million, versus the consensus of $125.85 million.

"While spending reduction from our largest client was greater than expected in the quarter, it appears revenue levels at that account have stabilized and business is firming. Despite this headwind, we continued to scale our new offerings, diversify our revenue with clients across multiple end markets expand our margins sequentially and generate strong cash flow," said Rory Cowan, CEO of Lionbridge. "With our recent sole-source agreement with a large pharma company, our strong pace of new business wins and ongoing growth with other large accounts, we expect organic revenue, earnings and cash flow growth in 2015 as well as strong revenue and earnings contribution from our planned acquisition of CLS."

For earnings history and earnings-related data on Lionbridge Technologies (LIOX) click here.

You May Also Be Interested In

• Okta upgraded as AI security opportunity boosts outlook
• Brinker International (EAT) Misses Q4 EPS by 2c ; Offers Guidance
• Goldman Sachs expects July core PCE to rise 0.23%