Limelight Networks Earnings: Everything You Must Know Now

Limelight Networks, Inc. (NASDAQ:LLNW) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Limelight Networks, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.04 in the quarter versus EPS of $-0.05 in the year-earlier quarter.

Revenue: Rose 3.34% to $45.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Limelight Networks, Inc. reported adjusted EPS loss of $0.04 per share. By that measure, the company beat the mean analyst estimate of $-0.05. It beat the average revenue estimate of $45.75 million.

Quoting Management: “Today Limelight reported revenue for the first quarter of 2013 of $45.8 million and adjusted EBITDA of $2.8 million. In my first full quarter at Limelight, I placed a strong emphasis on driving focus and a high level of execution across our business in order to deliver superior service to our customers and build shareholder value,” said Bob Lento, Chief Executive Officer. “We began to implement changes to improve our sales organization’s productivity and increase the effectiveness of our sales and marketing investments, and we put in place processes within R&D to accelerate product time to market and increase the quality of each solution. I am encouraged by our progress during the quarter.”

Key Stats (on next page)…

Revenue decreased 1.44% from $46.47 million in the previous quarter. EPS increased to $-0.04 in the quarter versus EPS of $-0.06 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.03 to a loss $0.05. For the current year, the average estimate has moved down from a loss of $0.15 to a loss of $0.18 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)