U.S. Markets close in 3 hrs 14 mins

Limelight Networks: 4Q Earnings Snapshot

SCOTTSDALE, Ariz. (AP) _ Limelight Networks Inc. (LLNW) on Wednesday reported fourth-quarter net income of $2.5 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Scottsdale, Arizona-based company said it had net income of 2 cents. Earnings, adjusted for stock option expense, came to 5 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 5 cents per share.

The network services company posted revenue of $60.1 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $59.9 million.

For the year, the company reported a loss of $16 million, or 14 cents per share, swinging to a loss in the period. Revenue was reported as $200.6 million.

Limelight Networks expects full-year revenue in the range of $223 million to $235 million.

Limelight Networks shares have climbed 34% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.46, a rise of 91% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LLNW at https://www.zacks.com/ap/LLNW