Lionbridge Announces $50 Million Share Repurchase Program
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Lionbridge Technologies (LIOX) Tops Q3 EPS by 6c; Acquires Geotext Translations; Approves Stock Buyback
November 9, 2015 8:29 AM ESTLionbridge Technologies (NASDAQ: LIOX) reported Q3 EPS of $0.14, $0.06 better than the analyst estimate of $0.08. Revenue for the quarter came in at $138.6 million versus the consensus estimate of $146.44 million.
The company also announced that it has acquired New York-based Geotext Translations, Inc., a privately held provider of legal translation services. The addition of Geotext will enable Lionbridge to meet growing demand for integrated, high-quality legal translation solutions and access Geotext's long-standing relationships with clients in the legal industry.
"International transactions and commerce have fueled the need for specialized legal translation services, from patent... More
