Akamai Technologies Inc Q3 Income Declines 11%

(RTTNews) - Akamai Technologies Inc (AKAM) released earnings for third quarter that decreased from last year.

The company said its bottom line came in at $106.66 million, or $0.62 per share. This was down from $120.15 million, or $0.68 per share, in last year's third quarter.

Analysts had expected the company to earn $0.59 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.4% to $621.40 million. This was up from $584.07 million last year.

Akamai Technologies Inc earnings at a glance:

-Earnings (Q3): $106.66 Mln. vs. $120.15 Mln. last year. -Earnings Decline (Y-o-Y): -11.2% -EPS (Q3): $0.62 vs. $0.68 last year. -EPS Decline (Y-o-Y): -8.8% -Analysts Estimate: $0.59 -Revenue (Q3): $621.40 Mln vs. $584.07 Mln last year. -Revenue Change (Y-o-Y): 6.4%