U.S. Stock Movement | Akamai (AKAM.US) Rises Over 5% Pre-Market on Better-than-Expected Q3 Results and Raised Full-Year Revenue Guidance
Stock News
Nov 07
On Friday, Akamai (AKAM.US) shares surged over 5% in pre-market trading to $76.96. The company reported third-quarter non-GAAP earnings per share (EPS) of $1.86, up 17% year-over-year and $0.22 above market expectations. Revenue reached $1.055 billion, a 5% increase from the prior year and $10 million higher than estimates.
Akamai raised its full-year revenue guidance to $4.178–$4.198 billion and increased its 2025 non-GAAP EPS outlook to $6.93–$7.13, surpassing the consensus estimate of $6.72. Additionally, the non-GAAP operating margin expanded by 2 percentage points year-over-year to 31%.
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