Apple TV Delay Crushes Akamai Stock, Guidance Light

By | July 28, 2015

Scalper1 News

Akamai Technologies reported Q2 profit that missed views amid network investments tied to the delayed launch of Web TV services by Apple, sending its stock down late Tuesday. Akamai’s (AKAM) current quarter EPS and revenue guidance also fell short of expectations. Akamai’s stock fell 11% in after-hours trading. Cambridge, Mass.-based Akamai said it earned 57 cents per share in the June quarter, down 2% from a year earlier, and a penny light of Scalper1 News

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