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

Edgio

09/11/2022 22:02

* Edgio Inc  EGIO.OQ  reported a quarterly adjusted loss
of 8
cents​​ per share for the quarter ended in September. The mean
expectation of nine analysts for the quarter was for a loss of 5
cents per share.
    * Revenue rose 119.5% to $121.16 million from a year ago;
analysts
expected $121.69 million. 
    * Edgio Inc's reported EPS for the quarter was a loss of 19
cents​.
    * The mean earnings estimate of analysts had fallen by
about 5.7%
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 19.4% this quarter and
lost 34.7%
so far this year.
    * The company reported a quarterly loss of $42.62 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 November
9 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      0.01           0.02           Beat