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Akamai reports quarterly revenue increase but guidance misses forecast - SiliconANGLE

Summary by SiliconANGLE

Shares in Akamai Technologies Inc. fell more than 7% in late trading today after the content delivery network provider fell short on its outlook despite reporting beats in its fiscal 2024 fourth quarter. For the quarter that ended on Dec. 31, Akamai reported adjusted earnings per share of $1.66, down from $1.69 per share in […] The post Akamai reports quarterly revenue increase but guidance misses forecast appeared first on SiliconANGLE.

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SiliconANGLE

Akamai reports quarterly revenue increase but guidance misses forecast - SiliconANGLE

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Wall Street Pit

Akamai Stock Slumps on Weak Guidance - Wall Street Pit

Akamai Technologies Inc. (AKAM) shares fell over 5% to $93.00 after hours despite a Q4 earnings beat of $1.66 per share versus $1.52 expected and in-line revenues of $1.02 billion, up 2.5% year-over-year. The company issued lower-than-expected guidance for Q1 (EPS $1.54-$1.59 vs. $1.66 consensus, revenues $1.00-$1.02 billion vs. $1.04…

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