Key Developments: Lionbridge Technologies Inc (LIOX.O)

Lionbridge Technologies, Inc. Issues Q3 2011 Revenue Guidance In Line With Analysts' Estimates; Comments On Q4 2011 Revenue Guidance; Sees FY 2011 Revenue Guidance Above Mid Point Of Prior Range
Tuesday, 2 Aug 2011 08:01am EDT 

Lionbridge Technologies, Inc. announced that for the third quarter of 2011, it expects revenue of $108-$111 million. The Company also expects strong sequential quarter and year-on-year revenue growth in fourth quarter of 2011. For fiscal 2011 the Company expects revenue to be above the mid range of its 5%-10% year-on-year growth estimate. The Company reported revenues of $100.37 million in fourth quarter of 2010 and revenues of $405.24 million in fiscal 2010. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenues of $111 million for the third quarter of 2011; revenues of $114 million for the fourth quarter of 2011; revenues of $434 million for fiscal 2011.  Full Article