Akamai Techs Q1 2024 Adj EPS $1.64 Beats $1.61 Estimate, Sales $987.000M Miss $989.261M Estimate
Portfolio Pulse from Benzinga Newsdesk
Akamai Technologies (AKAM) reported Q1 2024 adjusted EPS of $1.64, surpassing the $1.61 estimate, but its sales of $987M fell short of the expected $989.261M. This represents a 7.79% increase in sales compared to the same period last year.
May 09, 2024 | 8:01 pm
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NEUTRAL IMPACT
Akamai Technologies reported a mixed Q1 2024 result with earnings beating estimates but sales slightly missing expectations.
The mixed results with an earnings beat but a slight miss on sales could lead to neutral short-term stock price movement. The earnings beat indicates operational efficiency and profitability, which investors may view positively. However, the slight miss on sales could raise concerns about growth prospects, potentially offsetting the positive impact of the earnings beat.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100