Akamai Technologies, Inc. (NASDAQ: AKAM), the leader in powering video, dynamic transactions and enterprise applications online, announced that it has increased its fourth quarter 2009 guidance for both revenue and profit.
Revised Fourth Quarter 2009 Guidance
Akamai now expects revenue for the fourth quarter to be in the range of $230 to $235 million, or 8 to 11 percent growth from the fourth quarter of 2008, and normalized earnings to be in the range of $0.42 to $0.43 per fully diluted share. Akamai previously provided an estimate of fourth quarter 2009 revenue to be in the range of $217 to $224 million or 2 to 5 percent growth, and fourth quarter normalized earnings per fully diluted share of $0.39 to $0.41.
As required by Securities and Exchange Commission Regulation G, the equivalent GAAP earnings associated with our normalized earnings per share estimate provided above is expected to be in the range of $0.19 to $0.20 per fully diluted share.
Tags: Akamai, earnings, Technologies
No Comment Received
Leave A Reply