UPDATE 1-Limelight posts better-than-expected Q3 results

martes 6 de noviembre de 2007 00:27 CET
 

 (Adds details, company comments)
 Nov 5 (Reuters) - Internet content delivery company
Limelight Networks Inc (LLNW.O: Cotización) posted strong quarterly
results, as it recognized some revenue earlier than expected,
but forecast fourth-quarter revenue below analysts'
expectations.
 Shares of the company, which provides digital content for
traditional and new media companies, fell $1.52 to $11 in late
electronic trade after closing at $12.52 Monday on the Nasdaq.
 Limelight's third-quarter loss was $3.1 million, or 4 cents
a share, compared with a loss of $1.4 million, or 9 cents a
share, a year ago. Revenue rose 66.9 percent to $29.2 million.
 Excluding items, Limelight, which went public in June this
year, posted earnings of 3 cents a share.
 Analysts expected a loss of 9 cents a share, excluding
items, on revenue of $26.6 million, according to Reuters
Estimates.
 Tempe, Arizona-based Limelight benefited from $1.6 million
of revenue that was originally slated for the fourth quarter,
Chief Executive Jeff Lunsford said in a conference call with
analysts.
 The company forecast revenue of $28 million to $30 million
for the fourth quarter. Analysts were expecting $31 million.
 In August, Limelight expanded an online media distribution
deal with Microsoft Corp (MSFT.O: Cotización).
 (Reporting by John Tilak in Bangalore)