PHOENIX (AP) — PHOENIX (AP) — Edgio, Inc. (EGIO) on Tuesday reported a loss of $24.5 million in its third quarter.
The Phoenix-based company said it had a loss of 11 cents per share. Losses, adjusted for amortization costs and stock option expense, were 7 cents per share.
The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for a loss of 7 cents per share.
The network services company posted revenue of $97 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $96.4 million.
For the current quarter ending in December, Edgio said it expects revenue in the range of $96 million to $98 million.
The company expects full-year revenue in the range of $391 million to $393 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EGIO at https://www.zacks.com/ap/EGIO