Limelight Networks (LLNW) Tops Q3 EPS by 4c; Raises Outlook

Limelight Networks (NASDAQ: LLNW) reported Q3 EPS of ($0.02), $0.04 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $39 million versus the consensus estimate of $37.1 million.

Limelight Networks sees FY2014 revenue of $158-161 million, versus prior guidance of $155-159 million and the consensus of $157 million.

Commenting on the quarter, Chief Executive Officer, Robert Lento said, “I’m very pleased with the overall performance in the quarter. Our revenue attainment, coupled with operational and financial improvements, and expense discipline, validates our approach and priorities.”

He added, “we believe, demand for our existing products, the introduction of new features and functionality, and the opportunity to further improve our gross margins will improve our position in the market and create shareholder value. We remain focused on executing our plan for the remainder of 2014 and exiting the year well positioned for sustained performance improvements in 2015.”

For earnings history and earnings-related data on Limelight Networks (LLNW) click here.

You May Also Be Interested In

• Lockheed Martin (LMT) Tops Q1 EPS by 53c, Beats on Revenue; Offers FY24 Guidance
• Lockheed Martin (LMT) Tops Q1 EPS by 59c, Beats on Revenue; Offers FY24 Guidance
• Dime Community Bancshares (DCOM) Tops Q1 EPS by 1c