PHOENIX (AP) — PHOENIX (AP) — Edgio, Inc. (EGIO) on Tuesday reported a loss of $35.7 million in its second quarter.
On a per-share basis, the Phoenix-based company said it had a loss of 16 cents. Losses, adjusted for amortization costs and stock option expense, came to 9 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The network services company posted revenue of $95.8 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $95.5 million.
Edgio expects full-year revenue in the range of $392 million to $398 million.