Akamai Technologies: Q3 Earnings Snapshot
By AP News
Published - Nov 07, 2024, 04:22 PM ET
Last Updated - Dec 16, 2024, 05:34 PM EST
CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Akamai Technologies Inc. (AKAM) on Thursday reported third-quarter profit of $57.9 million.
The Cambridge, Massachusetts-based company said it had profit of 38 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were $1.59 per share.
The results matched Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of $1.59 per share.
The cloud services provider posted revenue of $1 billion in the period, which also matched Street forecasts.
