Akamai Technologies (AKAM) Tops Q1 EPS by 8c, Offers Guidance
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Akamai Technologies (AKAM) adds 7% following strong Q1 earnings
May 10, 2023 11:13 AM EDTAkamai Technologies (NASDAQ: AKAM) shares jumped Wednesday morning after topping earnings, revenue and guidance consensus estimates.
The cybersecurity and cloud service company reported first-quarter earnings of $1.40 per share, $0.08 better than the analyst estimate of $1.32, while revenue for the quarter came in at $916 million versus the consensus estimate of $910.51 million.
AKAM shares are currently up more than 7% at $84.59 per share.
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