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via finance.yahoo.comBusiness & Companies

Akamai Technologies: Q3 earnings above expectations

FROM THE WIRE · FINANCE.YAHOO.COM

CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Akamai Technologies Inc. (AKAM) on Thursday reported third-quarter earnings of $117.1 million. The Cambridge, Massachusetts-based company said it had profit of 77 cents per share. Earnings, adjusted for stock option expense and…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralEarnings above estimates can support the stock, though the outlook also matters for the price.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Akamai reported third-quarter earnings of 117.1 million dollars.
  2. 02Adjusted earnings per share were 1.77 dollars, versus an estimate of 1.67 dollars.
  3. 03Revenue of 1.12 billion dollars met Street forecasts.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Akamai Technologies, Inc.AKAMStock77.84 USDMarket closedtoday -9.41%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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