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Akamai Technologies Inc Profit Drops In Q4

Akamai Technologies Inc (AKAM) announced earnings for fourth quarter that retreated compared to the same period last year.

The company said its profit totaled $117.72 million, or $0.69 per share. This was down from $126.15 million, or $0.72 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.63 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.7% to $663.45 million. This was up from $616.12 million last year.

Akamai Technologies Inc earnings at a glance:

-Earnings (Q4): $117.72 Mln. vs. $126.15 Mln. last year.
-Earnings Decline (Y-o-Y): -6.7%
-EPS (Q4): $0.69 vs. $0.72 last year.
-EPS Decline (Y-o-Y): -4.2%
-Analysts Estimate: $0.63
-Revenue (Q4): $663.45 Mln vs. $616.12 Mln last year.
-Revenue Change (Y-o-Y): 7.7%

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