Edgio Inc reports results for the quarter ended in December - Earnings Summary

Edgio

29/06/2023 22:55

* Edgio Inc  EGIO.OQ  reported a quarterly adjusted loss
of 19
cents​​ per share for the quarter ended in December. The mean
expectation of six analysts for the quarter was for a loss of 10
cents per share.
    * Revenue rose 35.4% to $85.17 million from a year ago;
analysts
expected $108.76 million. 
    * Edgio Inc's reported EPS for the quarter was a loss of 29
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Edgio Inc shares had fallen by 18.0% this quarter and
lost 42.6%
so far this year.
    * The company reported a quarterly loss of $58.3 million.
    * Wall Street's median 12-month price target for Edgio Inc
is
$2.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data June
29 at 09:55 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.10          -0.19          Missed
 Sep. 30 2022      -0.05          -0.08          Missed
 Jun. 30 2022      -0.03          0.07           Beat
 Mar. 31 2022      -0.04          -0.04          Met