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

Edgio

13/09/2023 09:17

* Edgio Inc  EGIO.OQ  reported a quarterly adjusted loss
of 9
cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for a loss
of 11 cents per share.
    * Revenue rose 28.9% to $95.77 million from a year ago;
analysts
expected $95.31 million. 
    * Edgio Inc's reported EPS for the quarter was a loss of 16
cents​.
    * The mean earnings estimate of analysts had fallen by
about 74.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Edgio Inc shares had risen by 17.2% this quarter and
lost 30.1%
so far this year.
    * The company reported a quarterly loss of $35.65 million.
    * Wall Street's median 12-month price target for Edgio Inc
is
$1.25 
    * 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
September 13 at 08:17 a.m. UTC. ​All figures in US dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.11          -0.09          Beat
 Mar. 31 2023      -0.11          -0.09          Beat
 Dec. 31 2022      -0.10          -0.19          Missed
 Sep. 30 2022      -0.05          -0.08          Missed