Why Lionbridge Technologies (LIOX) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of Lionbridge Technologies Inc  (LIOX) are falling -15.07% to $4.96 on heavy trading volume after the company reported second quarter earnings that missed analysts' estimates.

The translation technology company posted non-GAAP adjusted earnings of $7.5 million, or 12 cents per share, for the second quarter, higher than the consensus estimate of 8 cents. 

Revenue for the quarter was up 5.8% to $130.5 million year over year, but missed analysts' estimates of $131.3 million.

Lionbridge provided an outlook for the third quarter of 2014 with estimated revenue range of $124 to $127 million, lower than the consensus estimate of $132.9 million.

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Separately, TheStreet Ratings team rates LIONBRIDGE TECHNOLOGIES INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate LIONBRIDGE TECHNOLOGIES INC (LIOX) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, reasonable valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

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Lionbridge Technologies (LIOX) Downgraded From Buy to Hold