Akamai Techs Q4 EPS $1.69 Beats $1.60 Estimate, Sales $995.02M Miss $998.13M Estimate
Portfolio Pulse from Happy Mohamed
Akamai Technologies (AKAM) reported Q4 earnings of $1.69 per share, surpassing the $1.60 estimate, marking a 23.36% year-over-year increase. However, their sales of $995.02M fell short of the $998.13M estimate, though still up 7.25% from the previous year.
February 13, 2024 | 9:01 pm
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NEUTRAL IMPACT
Akamai Technologies reported higher-than-expected Q4 earnings but slightly missed sales estimates.
While AKAM's earnings beat may positively impact investor sentiment, the slight miss on sales forecasts could temper any significant stock price movement. The mixed results present a neutral outlook in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100