CAMBRIDGE, Mass. (AP) _ Akamai Technologies Inc. (AKAM) on Tuesday reported third-quarter profit of $178.9 million.
The Cambridge, Massachusetts-based company said it had net income of $1.08 per share. Earnings, adjusted for one-time gains and costs, were $1.45 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The cloud services provider posted revenue of $860.3 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $852.5 million.
Akamai Technologies shares have increased slightly since the beginning of the year, while the S&P's 500 index has increased 23%. In the final minutes of trading on Tuesday, shares hit $105.13, an increase of nearly 10% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AKAM at https://www.zacks.com/ap/AKAM
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