Investing.com - Akamai (NASDAQ:AKAM) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Akamai announced earnings per share of $1.38 on revenue of $842.7M. Analysts polled by Investing.com anticipated EPS of $1.3 on revenue of $829.42M.
Akamai shares are down 0% from the beginning of the year, still down 15.86% from its 52 week high of $124.81 set on January 27. They are under-performing the Nasdaq which is up 5.78% from the start of the year.
Akamai shares gained 2.78% in after-hours trade following the report.
Akamai follows other major Technology sector earnings this month
Akamai's report follows an earnings beat by Apple on April 28, who reported EPS of $1.4 on revenue of $89.58B, compared to forecasts EPS of $0.9864 on revenue of $77.09B.
Microsoft had beat expectations on April 27 with third quarter EPS of $1.95 on revenue of $41.71B, compared to forecast for EPS of $1.78 on revenue of $41.04B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar