13.02.2024 22:07:43 - dpa-AFX: Akamai Technologies Inc Q4 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Akamai Technologies Inc (AKAM) reported a profit for
its fourth quarter that increased from the same period last year and beat the
Street estimates.
The company's earnings came in at $161.17 million, or $1.03 per share. This
compares with $128.76 million, or $0.82 per share, in last year's fourth
quarter.
Excluding items, Akamai Technologies Inc reported adjusted earnings of $262.63
million or $1.69 per share for the period.
Analysts on average had expected the company to earn $1.60 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 7.2% to $995.02 million from $927.78
million last year.
Akamai Technologies Inc earnings at a glance (GAAP) :
-Earnings (Q4): $161.17 Mln. vs. $128.76 Mln. last year.
-EPS (Q4): $1.03 vs. $0.82 last year.
-Analyst Estimate: $1.60
-Revenue (Q4): $995.02 Mln vs. $927.78 Mln last year.
-Guidance:
Next quarter EPS guidance: $1.59 - $1.64
Next quarter revenue guidance: $980 - $1000 Mln
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