Akamai Technologies Inc Q4 adjusted earnings Beat Estimates

(RTTNews) - Akamai Technologies Inc (AKAM) released a profit for its fourth quarter that increased from the same period last year.

The company's profit totaled $94.02 million, or $0.57 per share. This compares with $27.52 million, or $0.16 per share, in last year's fourth quarter.

Excluding items, Akamai Technologies Inc reported adjusted earnings of $175.85 million or $1.07 per share for the period.

Analysts had expected the company to earn $1.00 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.3% to $713.36 million from $658.47 million last year.

Akamai Technologies Inc earnings at a glance:

-Earnings (Q4): $175.85 Mln. vs. $120.71 Mln. last year. -EPS (Q4): $1.07 vs. $0.71 last year. -Analysts Estimate: $1.00 -Revenue (Q4): $713.36 Mln vs. $658.47 Mln last year.