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

Edgio

08/08/2022 23:01

* Edgio Inc  EGIO.OQ  reported quarterly adjusted earnings
of 7
cents​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for a loss of 4
cents per share.
    * Revenue rose 53.7% to $74.31 million from a year ago;
analysts
expected $63.50 million. 
    * Edgio Inc's reported EPS for the quarter was a loss of 11
cents​.
    * The mean earnings estimate of analysts had fallen by
about 43.2%
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 risen by 19.0% this quarter and
lost 19.8%
so far this year.
    * The company reported a quarterly loss of $16.43 million.
    * Wall Street's median 12-month price target for Edgio Inc
is
$6.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 8
at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.03          0.07           Beat
 Mar. 31 2022      -0.04          -0.04          Met
 Dec. 31 2021      0.01           0.02           Beat
 Sep. 30 2021      -0.01          -0.01          Met