Lionbridge issues bullish guidance

Lionbridge Technologies Inc. on Tuesday said it expects third-quarter sales to rise within a range whose top end is in line with Wall Street estimates.

Lionbridge, which translates software and Web content to help companies operate internationally, expects sales of $118 million and $122 million for the July-September period.

Three analysts surveyed by Thomson Financial forecast revenue of $122.03 million, or 9 percent above Lionbridge's revenue in last year's third quarter.

The Waltham-based firm on Tuesday also reiterated expectations that full-year revenue will reach the high end of its previous guidance of 6 percent to 10 percent growth. That range equates to revenue of $479 million to $497 million, based on last year's revenue of nearly $452 million.

Lionbridge, which also announced second-quarter earnings Tuesday, did not update its earnings expectations.

Shares of the company added 34 cents, or 12.6 percent, to close at $3.04. (AP)