Several technology companies released results this week. Akamai, Microsoft, and Fusion-io were three that stood out.
Akamai (NASDAQ:AKAM) got crushed after reporting earnings. However, it was due to guidance. The current quarter wasn't that bad. Akamai reported revenue up 15% year over year to $396 million and beat consensus with EPS of $0.50. However, the company sounded a cautious note with guidance by issuing a number below consensus estimates. Of particular note was that the company was in negotiations with its largest customer-widely thought to be Netflix or Apple.
Microsoft (NASDAQ:MSFT), surprised investors and shares jumped after their results. Mr. Softy posted a healthy beat of $0.08 ($0.62 vs. estimates of $0.54) on better than expected revenue of $18.53 billion. Of particular note was the devices and consumer hardware segment that includes the revenue from Microsoft's Surface tablet.
Finally, Fusion-io (UNKNOWN:FIO.DL) shares were decimated after earnings. The flash specialist also had problems with guidance. Also, there are a few high-level executives departing. Why has the story gotten so dark for this company since its IPO?
Also, Apple is on deck. What can we expect from Apple's earnings?
In this segment of Tech Teardown, Erin Kennedy discusses earnings with Jamal Carnette and Evan Niu, CFA.