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Wednesday, 31 August 2011 - Limelight sells EyeWonder unit for $66 million |
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Limelight now expects third-quarter revenue of $46.1-$47.3 million, including revenue from EyeWonder through August 31. The company had earlier forecast revenue of $51.7-$53.2 million. Analysts, on average, were expecting revenue of $52.4 million, according to Thomson Reuters I/B/E/S. In the second quarter, Limelight's digital media revenue declined as its EyeWonder advertisement platform saw less campaign traffic and was hurt by a delay in the launching of a new platform to secure more rich media campaign revenue from advertisers. Limelight, which offers content delivery services to media clients by navigating less congested routes over the Web, bought EyeWonder in 2009. EyeWonder helps companies to create interactive digital ad campaigns. Shares of the Tempe, Arizona-based company, rose 20 cents in trading before the bell. The stock closed at $2.68 on Nasdaq on Monday. (Reporting by Supantha Mukherjee in Bangalore; Editing by Viraj Nair) Technology Hot Stocks Asian Markets Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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