Plus   Neg

Akamai Technologies Inc Q1 adjusted earnings Beat Estimates

Akamai Technologies Inc (AKAM) released earnings for its first quarter that climbed from the same period last year.

The company's earnings totaled $155.70 million, or $0.94 per share. This compares with $123.15 million, or $0.75 per share, in last year's first quarter.

Excluding items, Akamai Technologies Inc reported adjusted earnings of $227.81 million or $1.38 per share for the period.

Analysts had expected the company to earn $1.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.3% to $842.71 million from $764.30 million last year.

Akamai Technologies Inc earnings at a glance:

-Earnings (Q1): $227.81 Mln. vs. $196.13 Mln. last year.
-EPS (Q1): $1.38 vs. $1.20 last year.
-Analysts Estimate: $1.30
-Revenue (Q1): $842.71 Mln vs. $764.30 Mln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT