PHOENIX (AP) — PHOENIX (AP) — Edgio, Inc. (EGIO) on Tuesday reported a loss of $35 million in its first quarter.
On a per-share basis, the Phoenix-based company said it had a loss of 16 cents. Losses, adjusted for amortization costs and stock option expense, came to 9 cents per share.
The network services company posted revenue of $101.9 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $93.7 million.
Edgio expects full-year revenue in the range of $392 million to $398 million.
Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.