
Akamai Technologies ($AKAM) reported Q1 earnings with an adjusted EPS of $1.64, slightly beating estimates, but sales of $987 million fell short. The company also announced a $2 billion buyback. However, the guidance for the year has been lowered due to various factors including the strengthening U.S. dollar and slowing traffic growth. AMC Networks ($AMCX) reported a decline in Q1 net revenue to $596 million, with operating income falling to $110 million. Streaming revenue grew to $145 million, and the company reached 11.5 million subscribers.



AMC Networks Stock Drops as Earnings, Sales Fall Short https://t.co/m1Q8ffZi8Z
$AMCX (-3.9% pre) AMC Networks slips as Q1 results miss expectations - SA https://t.co/6lf54biOx7
$AKAM (-8.0% pre) Akamai Technologies tumbles as weak guidance overshadows Q1 results - SA https://t.co/dy6iPSW5po