Akamai Tech Shares Rise After Earnings Beat

Akamai Technologies Inc. shares rose in the extended session Wednesday after quarterly results topped Wall Street estimates. Akamai shares advanced 4.5% to $58.75 on moderate volume. The cloud-computing company reported adjusted third-quarter earnings of 62 cents a share on revenue of $498 million. Analysts surveyed by FactSet expected earnings of 57 cents a share on revenue of $490.9 million.