04:30 PM EST, 11/07/2024 (MT Newswires) -- Akamai Technologies ( AKAM ) reported Q3 non-GAAP earnings Thursday of $1.59, down from $1.63 a year earlier.

Analysts polled by Capital IQ expected $1.59.

Revenue for the quarter ended Sept. 30 was $1 billion, up from $965.5 million a year earlier.

Analysts surveyed by Capital IQ expected $999.5 million.

The company expects Q4 non-GAAP earnings of $1.49 to $1.56 per share. Analysts surveyed by Capital IQ expect $1.62.

The company expects revenue for the quarter of $995 million to $1.02 billion. Analysts polled by Capital IQ expect $1.03 billion.

Akamai ( AKAM ) also lowered its full-year revenue guidance to a range of $3.97 billion to $3.99 billion from $3.97 to $4 billion previously. Analysts polled by Capital IQ expect $4 billion.

Full-year non-GAAP earnings guidance was lowered to $6.31 to $6.38 per share from $6.34 to $6.47 previously. Analysts surveyed by Capital IQ expect $6.43.

Shares of Akamai ( AKAM ) were down 7.5% in recent after-hours activity.

Price: 101.12, Change: +0.16, Percent Change: +0.16