Akamai Drops 9% on Q2 Revenue Miss; EPS In-Line

Tech Trader Daily
By Tiernan RayJul 26, 2016, 4:04 pm106 pts
Shares of Internet bandwidth provider Akamai Technologies (AKAM) are down down $5.31, or 9%, at $52.78, after the company reported Q2 revenue that slightly missed analysts expectations. Revenue in the three months ended in June rose to $572 million, yielding EPS of 64 cents. Analysts had ben modeling $575…

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