Lionbridge Technologies (LIOX) Misses Q3 EPS by 2c; Issues Outlook
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Lionbridge reports Q3 results with revenue of $135.2 Million, GAAP EPS of $0.05 and non-GAAP EPS of $0.13
November 8, 2016 8:00 AM ESTWALTHAM, Mass., Nov. 8, 2016 /PRNewswire/ --Â Lionbridge Technologies, Inc. (Nasdaq: LIOX), today announced revenue and earnings for the third quarter ended September 30, 2016.
Highlights for the third quarter include:
Revenue of $135.2 million, a decrease of $3.4 million or 2% compared to the third quarter of 2015 largely related to the Company's decision to exit a contract with the US Department of Justice (DOJ) in November of 2015. GAAP earnings of $2.7 million, or $0.05 per diluted share, based on 59.0 million weighted average fully diluted common shares outstanding. GAAP net income decreased $66,000 or ($0.00) as... More