Akamai Earnings, Revenue beat In Q3

  • Investing.com
Akamai Earnings, Revenue beat In Q3

Investing.com - Akamai reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Akamai announced earnings per share of $1.26 on revenue of $882M. Analysts polled by Investing.com anticipated EPS of $1.22 on revenue of $875.83M.

Akamai shares are down 35% from the beginning of the year and are trading at $84.04 , down-from-52-week-high.

Akamai shares gained 0.18% in after-hours trade the report.

Akamai follows other major Information Technology sector earnings this month

Akamai's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.

Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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