Limelight NetworksLimelight Networks ( LLNW) was surging in extended action after the after the Tempe, Ariz.-based content delivery technology company posted strong results for the fourth quarter and gave a favorable top-line outlook for 2011. The company, whose software applications enable streaming of content and advertising, reported a non-GAAP profit of $1.5 million, or a penny per share, on revenue of $55.2 million for the three months ended Dec. 31. The non-GAAP results exclude share-based compensation and acquisition-related expenses, among other items. The average estimate of analysts polled by Thomson Reuters called for a breakeven quarter on a per share basis with revenue of $53. 3 million. The stock jumped 20% to $7.75 in after-hours action on heavy volume of 2.3 million. Based on a regular session close of $6.46, the shares were already up almost 70% in the past year; although they had pulled back nearly 30% since hitting a 52-week high of $8.97 on Nov. 9. For the current quarter, Limelight sees revenue of $48 million to $49.5 million. Wall Street's current consensus estimate is a loss of a penny per share in the March period on revenue of $48.2 million.
Nasdaq OMXShares of Nasdaq OMX ( NDAQ) stumbled in late trades after the trading exchange operator announced Adena Friedman is resigning from the chief financial officer post. Friedman, who also serves as executive vice president, corporate strategy, is leaving the company to join buyout firm The Carlyle Group.
The stock was last quoted at $27.70, down 6.5%, on volume of roughly 70,000. At recent prices, the shares were up more than 50% in the past year, hitting a 52-week high of $28.22 on Friday as a wave of consolidation swept exchange operators, most notably with NYSE Euronext ( NYX) agreeing to combine with Deutsche Borse.