Akamai Technologies Inc Q2 Profit Decreases, but beats estimates

(RTTNews) - Akamai Technologies Inc (AKAM) reported a profit for second quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $119.54 million, or $0.74 per share. This compares with $156.50 million, or $0.94 per share, in last year's second quarter.

Excluding items, Akamai Technologies Inc reported adjusted earnings of $216.44 million or $1.35 per share for the period.

Analysts on average had expected the company to earn $1.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.9% to $903.33 million from $852.82 million last year.

Akamai Technologies Inc earnings at a glance (GAAP) :

-Earnings (Q2): $119.54 Mln. vs. $156.50 Mln. last year. -EPS (Q2): $0.74 vs. $0.94 last year. -Analyst Estimates: $1.31 -Revenue (Q2): $903.33 Mln vs. $852.82 Mln last year.