Why Limelight Networks Stock Crashed Today
Shares of Limelight Networks Inc. (NASDAQ: LLNW) were falling this afternoon after the company reported worse-than-expected first-quarter results. The tech stock was down by 14.6% as of 3:37 p.m. EDT.
Limelight's revenue in the first quarter fell 10% year over year to $51.2 million. Not only was that a significant decrease from the year-ago quarter, but it was lower than Wall Street's consensus estimate of $53.8 million for the quarter.
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Source Fool.com
