07.11.2023 22:05:27 - dpa-AFX: Akamai Technologies Inc Q3 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Akamai Technologies Inc (AKAM) released earnings for
its third quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $160.54 million, or $1.04 per share. This
compares with $123.69 million, or $0.78 per share, in last year's third quarter.

Excluding items, Akamai Technologies Inc reported adjusted earnings of $251.07
million or $1.63 per share for the period.

Analysts on average had expected the company to earn $1.50 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 9.5% to $965.48 million from $881.90
million last year.

Akamai Technologies Inc earnings at a glance (GAAP) :

-Earnings (Q3): $160.54 Mln. vs. $123.69 Mln. last year.
-EPS (Q3): $1.04 vs. $0.78 last year.
-Analyst Estimate: $1.50
-Revenue (Q3): $965.48 Mln vs. $881.90 Mln last year.

-Guidance:
Next quarter EPS guidance: $1.57 - $1.62
Next quarter revenue guidance: $985 - $1005 Mln
Full year EPS guidance: $6.08 - $6.13
Full year revenue guidance: $3802 - $3822 Mln


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
AKAMAI TECH. DL-,01 928906 Frankfurt 86,900 13.05.24 19:21:37 +0,900 +1,05% 0,000 0,000 84,550 86,900

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