— Akamai Technologies, Inc. (NASDAQ: AKAM) reported its fourth-quarter 2019 adjusted earnings of $1.23 per share versus $1.13 per share expected.
— Total revenue grew 8% to $772 million versus $749.28 million expected. Excluding foreign exchange, revenue would have risen 9%.
— The results were benefited by the rapid growth of its cloud security business, robust seasonal traffic on its network and its continued focus on operational excellence.
— Division-wise, Web Division revenue increased by 9% year-over-year to $420 million. Media and Carrier Division revenue rose by 8% to $353 million.
— Cloud Security Solutions’ revenue was $238 million, up 29% year-over-year and when adjusted for foreign exchange.
— Revenue from Internet Platform Customers increased by 20% to $52 million. Revenue excluding Internet Platform Customers rose by 7% to $720 million.
— The US revenue rose by 3% year-over-year while international revenue jumped by 17%.
— The company believes that it is well-positioned to achieve a 30% non-GAAP operating margin goal in 2020, as it continues to invest in innovation and new products to drive future growth.
Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as
Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and
Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock