Investing.com - Akamai reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Akamai announced earnings per share of $1.33 on revenue of $846.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $1.31 on revenue of $830.31M.
Akamai shares are up 8% from the beginning of the year and are trading at $118.00 , down-from-52-week-high.They are under-performing the Nasdaq which is up 8.69% from the start of the year.
Akamai follows other major Technology sector earnings this month
Akamai's report follows an earnings beat by Apple on January 27, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.
Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.
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