Akamai Techs: Q1 Earnings Insights - Akamai Techs (NASDAQ:AKAM)

Akamai Techs AKAM reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:01 PM.

Here's what investors need to know about the announcement.

Akamai Techs beat estimated earnings by 6.06%, reporting an EPS of $1.4 versus an estimate of $1.32.

Revenue was up $12.05 million from the same period last year.

Last quarter the company beat on EPS by $0.1 which was followed by a 10.41% drop in the share price the next day.

Here's a look at Akamai Techs's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	1.27	1.22	1.31	1.42
EPS Actual	1.37	1.26	1.35	1.39
Revenue Estimate	904.75M	875.67M	898.14M	903.89M
Revenue Actual	927.78M	881.90M	903.33M	903.65M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Akamai Techs management provided guidance for Q2 2023, expecting earnings between $1.38 and $1.42 per share.

To track all earnings releases for Akamai Techs visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.