Investing.com - Akamai reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Akamai announced earnings per share of $1.39 on revenue of $903.65M. Analysts polled by Investing.com anticipated EPS of $1.45 on revenue of $903.77M.
Akamai shares are down 2% from the beginning of the year and are trading at $106.50 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.43% from the start of the year.
Akamai shares lost 6.41% 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 Thursday, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on April 26 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar