Akamai Technologies (NASDAQ: AKAM) reported Q4 EPS of $0.72, $0.10 better than the analyst estimate of $0.62. Revenue for the quarter came in at $579 million versus the consensus estimate of $560.72 million.
The Company also announces today that its Board of Directors has authorized a new $1 billion share repurchase program, effective from February 9, 2016 through December 31, 2018. The Company's goal for this program is to offset the dilution created by its employee equity compensation programs and provide the flexibility to increase its capital distributions to shareholders as business and market conditions warrant.
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After-hours buzz: DIS, AKAM, PNRA & more
Andrew Renneisen | Getty Images Check out the companies making headlines after the bell Tuesday: Shares of Disney fell in extended trade Tuesday despite reporting better-than-expected first-quarter earnings and revenues. The entertainment pioneer behind the latest "Star Wars" film reported earnings of $1.63 per share on revenue of $15.24 billion, excluding items. That was higher than the $1.45 per share on $14.75 billion forecast by analysts.
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