Lionbridge Technologies Q4 Profit Up

(RTTNews) - Lionbridge Technologies Inc. (LIOX) Tuesday reported fourth-quarter profit of $6.5 million or $0.10 per share, up from $3.3 million or $0.05 per share in the same period last year.

Adjusted earnings for the quarter were $10.9 million or $0.18 per share. On average, three analysts polled by Thomson Reuters expected the company to earn $0.05 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 12 percent to $127.5 million from $113.84 million last year. Analysts expected revenues of $121.72 million.

Looking ahead to the first quarter, the company has forecast revenues in the order of $120 million to $123 million.