Lionbridge sales rise nearly 10 percent

Lionbridge Technologies Inc. today reported break-even first-quarter results as sales rose 9.6 percent.

Lionbridge, a Waltham company that assists companies with their international operations, reported a profit on an adjusted basis, and its stock surged.

Lionbridge reported net income of $232,000, or break-even, compared with a loss of $1 million, or 2 cents per share, last year. Excluding merger and restructuring costs, stock-based compensation, amortization and unusual charges, the company posted a profit of 7 cents per share.

Sales rose to $108.6 million from $99.1 million in the first quarter of 2006.

Analysts polled by Thomson Financial expected a break-even quarter on sales of $102.4 million.

Shares of Lionbridge added 53 cents, or 10.2 percent, to $5.74 in morning trading on the Nasdaq Stock Market.
(AP)