CAMBRIDGE, Mass. (AP) _ Akamai Technologies Inc. (AKAM) on Tuesday reported second-quarter profit of $156.5 million.
On a per-share basis, the Cambridge, Massachusetts-based company said it had profit of 94 cents. Earnings, adjusted for stock option expense and non-recurring costs, were $1.42 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The cloud services provider posted revenue of $852.8 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $845.5 million.
Akamai Technologies shares have climbed 14% since the beginning of the year, while the S&P's 500 index has increased 18%. In the final minutes of trading on Tuesday, shares hit $119.82, an increase of 6% 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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