Edgio: Q1 Earnings Snapshot

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.


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

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up