Investing.com - Akamai reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Akamai announced earnings per share of $1.45 on revenue of $860.3M (NYSE: MMM ). Analysts polled by Investing.com anticipated EPS of $1.39 on revenue of $852.02M.
Akamai shares are down 23% from the beginning of the year and are trading at $108.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 23.31% from the start of the year.
Akamai shares gained 2.71% in after-hours trade the report.
Akamai follows other major Technology sector earnings this month
Akamai's report follows an earnings beat by Alphabet C on Tuesday, October 26, 2021, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.83 on revenue of $63.53B.
Taiwan Semiconductor had beat expectations on Thursday, October 14, 2021 with third quarter EPS of $1.07 on revenue of $14.75B, compared to forecast for EPS of $1.04 on revenue of $14.81B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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