Investing.com - Akamai reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Akamai announced earnings per share of $1.42 on revenue of $852.8M. Analysts polled by Investing.com anticipated EPS of $1.38 on revenue of $846.47M.
Akamai shares are up 14% from the beginning of the year and are trading at $115.00 , down-from-52-week-high.They are under-performing the Nasdaq which is up 14.53% from the start of the year.
Akamai shares lost 3.97% in after-hours trade the report.
Akamai follows other major Information Technology sector earnings this month
Akamai's report follows an earnings beat by Apple on July 27, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.33B.
Microsoft had beat expectations on July 27 with fourth quarter EPS of $2.17 on revenue of $46.15B, compared to forecast for EPS of $1.92 on revenue of $44.22B.
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