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
Twitter (TWTR) late Tuesday posted Q2 sales and earnings that exceeded Wall Street views, but shares reversed amid concerns about user growth for the microblog, which is still looking for a new permanent CEO. It also moved shares of fellow social networks Facebook (FB) and LinkedIn (LNKD), which report later this week. Twitter stock rose 5% in initial after-hours action, but then reversed to trade down nearly 7% amid continued concerns about
Apple chip supplier Skyworks Solutions late Thursday reported better-than-expected fiscal Q3 earnings and revenue and gave a strong outlook for the current quarter. Skyworks (SWKS) earned $1.34 a share excluding items for its Q3 ended July 3, up 61% vs. the year-earlier quarter. Revenue climbed 38% to $810 million. Analysts had expected $1.29 and $801.5 million. The Woburn, Mass.-based wireless chipmaker sees Q4 EPS minus items of $1.51 and