Akamai Techs AKAM reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:01 PM.
Here's what investors need to know about the announcement.
Earnings
Akamai Techs beat estimated earnings by 6.06%, reporting an EPS of $1.4 versus an estimate of $1.32.
Revenue was up $12.05 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.1 which was followed by a 10.41% drop in the share price the next day.
Here's a look at Akamai Techs's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | 1.27 | 1.22 | 1.31 | 1.42 |
EPS Actual | 1.37 | 1.26 | 1.35 | 1.39 |
Revenue Estimate | 904.75M | 875.67M | 898.14M | 903.89M |
Revenue Actual | 927.78M | 881.90M | 903.33M | 903.65M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Akamai Techs management provided guidance for Q2 2023, expecting earnings between $1.38 and $1.42 per share.
To track all earnings releases for Akamai Techs visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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