Akamai Serves Up a Surprise

The content-server colossus beat third-quarter expectations. Still, analysts remain dubious about its breakeven chances for 2002

Beleaguered Akamai Technologies (AKAM ) has finally handed the Street good news. For the third quarter, the content server company posted revenues of $42.8 million, a 57.4% increase over the same period in 2000, Akamai announced on Oct. 11. Excluding goodwill, amortization, and other expenses, the company's quarterly loss was $38.2 million, or 37 cents a share. That bettered analyst expectations of a loss of 40 cents to 49 cents per share.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.