Lionbridge Technologies (LIOX) Misses Q2 EPS by 3c

Lionbridge Technologies (NASDAQ: LIOX) reported Q2 EPS of $0.14, $0.03 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $144.2 million versus the consensus estimate of $146.35 million.

"In the first half of 2016 we completed the reorganization of our worldwide sales and operations around target sectors and geographies. Despite the disruption of this reorganization and some weakness in Europe in the quarter, we continued to ramp our marketing services offering, scale our onDemand platform and expand our revenue in growth verticals," said Rory Cowan, CEO of Lionbridge. "We enter the second half in a position of operational strength. Our market-based reorganization is complete and we have enabled a more efficient cost structure to drive ongoing profitability and cash flow. As a result, we expect strong earnings for the remainder of this year and further revenue and earnings growth in 2017."

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

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