Akamai Earnings, Revenue miss In Q1

  • Investing.com
Akamai Earnings, Revenue miss In Q1

Investing.com - Akamai reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Akamai announced earnings per share of $1.39 on revenue of $903.65M. Analysts polled by Investing.com anticipated EPS of $1.45 on revenue of $903.77M.

Akamai shares are down 2% from the beginning of the year and are trading at $108.00 , down-from-52-week-high.They are outperforming the Nasdaq which is down 19.69% from the start of the year.

Akamai shares lost 5.10% 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, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.

Microsoft had beat expectations on Tuesday, April 26, 2022 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.

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

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