Akamai Techs Q2 2024 Adj. EPS $1.58 Beats $1.53 Estimate, Sales $979.580M Beat $977.242M Estimate
Portfolio Pulse from Benzinga Newsdesk
Akamai Technologies (NASDAQ: AKAM) reported Q2 2024 adjusted EPS of $1.58, beating the estimate of $1.53. Sales were $979.580M, surpassing the $977.242M estimate. EPS decreased by 3.66% YoY, while sales increased by 4.69% YoY.
August 08, 2024 | 8:05 pm
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Akamai Technologies reported Q2 2024 adjusted EPS of $1.58, beating the estimate of $1.53. Sales were $979.580M, surpassing the $977.242M estimate. EPS decreased by 3.66% YoY, while sales increased by 4.69% YoY.
Akamai Technologies' Q2 2024 earnings and sales both beat analyst estimates, which is generally positive for the stock. However, the YoY decrease in EPS might temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100