Lionbridge Reports Q4 EPS of $.26 vs. $(0.01)

Lionbridge Technologies, Inc. LIOX today announced financial results for the fourth quarter and year ended December 31, 2010. Revenue of $405.2 million, an increase of $16.0 million or 4.1% from the year ended December 31, 2009. In constant currency the Company's revenue increased 5.5% from the prior year. GAAP net loss for the year of $1.3 million or ($0.02) per share based on 56.7 million weighted average common shares outstanding. This compares to a net loss of $4.0 million or ($0.07) per share in the prior year. Non-GAAP adjusted earnings of $15.4 million or $0.26 per share, compared to non-GAAP adjusted earnings of $12.0 million or $0.21 in FY 2009. The Company defines non-GAAP earnings as GAAP net income excluding merger, restructuring and related costs, stock-based compensation and amortization of acquisition-related intangible assets.