Limelight Networks Forum: Community User: greend

Limelight Networks (LLNW - Research Report) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 200%. A quarter ago, it was expected that this network services company would post a loss of $0.01 per share when it actually produced break-even earnings, delivering a surprise of 100%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Limelight Networks, which belongs to the Zacks Internet - Services industry, posted revenues of $58.55 million for the quarter ended June 2020, surpassing the Zacks Consensus Estimate by 2.65%. This compares to year-ago revenues of $45.90 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Limelight Networks shares have added about 74.6% since the beginning of the year versus the S&P 500's decline of -0.2%.

Limelight Networks (LLNW) Tops Q2 Earnings and Revenue Estimates