Lionbridge Technologies Inc Issues Q2 2013 Revenue Guidance Below Analysts' Estimates; Lowers FY 2013 Revenue Guidance

Wednesday, 8 May 2013 08:01am EDT 

Lionbridge Technologies Inc announced that for second quarter of 2013, it expects revenue of $120-123 million. For fiscal 2013, it expects lower-than-expected start to the year, the Company provided expectations for revenue growth of 4-6% year-on-year. The Company reported revenue of $457 million for fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $127 million for second quarter of 2013; revenue of $490 million for fiscal 2013. 

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