Lionbridge Technologies (LIOX) Tops Q3 EPS by 6c; Acquires Geotext Translations; Approves Stock Buyback
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Lionbridge Acquires Legal Translation Firm Geotext Translations
November 9, 2015 8:01 AM ESTWALTHAM, Mass., Nov. 9, 2015 /PRNewswire/ --Â Lionbridge Technologies, Inc. (Nasdaq: LIOX) today 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 translation, to support for eDiscovery in complex litigation, to translation of commercial contracts. As content in the legal... More
Lionbridge Announces $50 Million Share Repurchase Program
November 9, 2015 8:00 AM ESTWALTHAM, Mass., Nov. 9, 2015 /PRNewswire/ -- Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced that its Board of Directors has authorized a share repurchase program allowing the Company to repurchase up to $50 million of the Company's common stock through the end of fiscal year 2018. The new authorization represents an increase of $32 million from the previous $18 million share repurchase program that was announced in November of 2012 and which has now expired.
"This new share repurchase program marks a significant increase from our previous buyback program, underscoring our ongoing confidence in the long-term financial... More
Lionbridge Reports Q3 Results With Revenue Of $138.6 Million, GAAP EPS Of $0.04 And Non-GAAP EPS Of $0.14
November 9, 2015 8:00 AM ESTWALTHAM, Mass., Nov. 9, 2015 /PRNewswire/ --Â Lionbridge Technologies, Inc. (Nasdaq: LIOX), today announced revenue and earnings for the third quarter ended September 30, 2015.
Financial highlights for the third quarter include:
Revenue of $138.6 million, an increase of $18.4 million or 15% compared to the third quarter of 2014. GAAP earnings of $2.7 million, or $0.04 per diluted share, based on 62.6 million weighted average fully diluted common shares outstanding. GAAP net income decreased $0.9 million, or $0.02 per diluted share, compared to the third quarter of 2014, primarily due to a $2.3 million increase in restructuring and other charges.... More