Akamai Technologies Inc Q3 Profit Increases, Beats Estimates

Akamai

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(RTTNews) - Akamai Technologies Inc (AKAM) released a profit for its third quarter that Increased from last year and beat the Street estimates.

The company's bottom line totaled $140.17 million, or $0.97 per share. This compares with $57.91 million, or $0.38 per share, last year.

Excluding items, Akamai Technologies Inc reported adjusted earnings of $268.91 million or $1.86 per share for the period.

Analysts on average had expected the company to earn $1.64 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 5.0% to $1.054 billion from $1.004 billion last year.

Akamai Technologies Inc earnings at a glance (GAAP) :

-Earnings: $140.17 Mln. vs. $57.91 Mln. last year. -EPS: $0.97 vs. $0.38 last year. -Revenue: $1.054 Bln vs. $1.004 Bln last year.

-Guidance: Next quarter EPS guidance: $1.65 - $1.85 Next quarter revenue guidance: $1,065 - $1,085 Mln Full year EPS guidance: $6.93 - $7.13 Full year revenue guidance: $4,178 - $4,198 Mln