Akamai Techs Q2 EPS $1.49 Beats $1.41 Estimate, Sales $936.00M Beat $931.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
Akamai Technologies reported Q2 earnings per share (EPS) of $1.49, beating the estimate of $1.41. The company's sales also surpassed estimates, coming in at $936.00M against the expected $931.52M.
August 08, 2023 | 8:01 pm
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POSITIVE IMPACT
Akamai Technologies beat Q2 earnings and sales estimates, which could positively impact its stock price in the short term.
Companies that beat earnings and sales estimates typically see a positive reaction in their stock price as it indicates better-than-expected performance. This could lead to increased investor confidence in Akamai Technologies, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100