Akamai Technologies Inc Q3 adjusted earnings Beat Estimates

(RTTNews) - Akamai Technologies Inc (AKAM) revealed earnings for its third quarter that climbed from last year.

The company's bottom line came in at $178.92 million, or $1.08 per share. This compares with $158.62 million, or $0.95 per share, in last year's third quarter.

Excluding items, Akamai Technologies Inc reported adjusted earnings of $238.94 million or $1.45 per share for the period.

Analysts had expected the company to earn $1.39 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.5% to $860.33 million from $792.85 million last year.

Akamai Technologies Inc earnings at a glance:

-Earnings (Q3): $238.94 Mln. vs. $215.78 Mln. last year. -EPS (Q3): $1.45 vs. $1.31 last year. -Analysts Estimate: $1.39 -Revenue (Q3): $860.33 Mln vs. $792.85 Mln last year.