Akamai Techs Q3 Adj EPS $1.63 Beats $1.50 Estimate, Sales $965.48M Beat $943.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
Akamai Techs (NASDAQ:AKAM) reported Q3 adjusted earnings of $1.63 per share, beating the analyst consensus estimate of $1.50 by 8.67%. This is a 29.37% increase from the same period last year. The company also reported quarterly sales of $965.48 million, beating the analyst consensus estimate of $943.87 million by 2.29%, a 9.48% increase from the same period last year.
November 07, 2023 | 9:03 pm
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POSITIVE IMPACT
Akamai Techs reported Q3 earnings and sales that beat estimates, with a significant YoY increase. This positive financial performance could boost investor confidence and potentially drive the stock price up in the short term.
Akamai Techs reported better than expected Q3 earnings and sales, with a significant increase from the same period last year. This indicates a strong financial performance, which is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100