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Akamai (NASDAQ:AKAM) Reports Q4 In Line With Expectations But Stock Drops

Web content delivery and security company Akamai (NASDAQ:AKAM) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 2.5% year on year to $1.02 billion. On the other hand, next quarter’s revenue guidance of $1.01 billion was less impressive, coming in 3.1% below analysts’ estimates. Its non-GAAP profit of $1.66 per share was 9% above analysts’ consensus estimates.

Buffett’s Annual Letter May Give Much Needed Support to Japanese Stocks

(Bloomberg) -- Investors in Japanese stocks are keeping a close watch out for Warren Buffett’s annual letter to shareholders in the hopes that it will provide a boost to the country’s trading houses.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Million Bond Vote Amid Scruti