Akamai Technologies (NASDAQ: AKAM), a provider of services accelerating the delivery of content over the internet plummeted over 11% in after hours trading, after the company beat earnings and revenue, but guided lower.
"People's expectations got too hot," said Allan Edwards, co-CEO of The Markets Are Open. "Good company, but this stock's going to have a baaad day tomorrow."
After adjusted earnings Akamai earned $0.40 per share beating estimates by 2 cents. The company also beat revenue by about $1 million, making $284.7 million in the quarter.
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