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