Q1 Earnings Roundup: Akamai Beats Estimates, Axon Sees Slight Dip, Cutera Takes a Hit, and Wynn Resorts Holds Steady
- May 09th, 2023
- 382 views
In the latest round of Q1 earnings reports, Akamai Technologies, Inc. (Nasdaq: AKAM) beat consensus estimates with an adjusted EPS of $1.40, compared to the expected $1.32. This news was well-received by investors, as AKAM's stock price increased by $3.62 per share (+4.59%) in after-hours trading, currently trading at $82.50.
On the other hand, Axon Enterprise, Inc. (Nasdaq: AXON) reported a non-GAAP EPS of $0.88 for Q1, which surpassed the consensus estimate of $0.53. However, AXON's stock price saw a slight decrease of $1.88 per share (-0.83%) in after-hours trading and is currently trading at $225.00.
Cutera, Inc. (Nasdaq: CUTR) reported a Q1 loss of $1.26 per share, which was significantly worse than the consensus loss of $0.39 per share. This news led to a significant drop in CUTR's stock price, decreasing by $2.58 per share (-12.77%) in after-hours trading, currently trading at $17.62.
Wynn Resorts, Limited (Nasdaq: WYNN) also reported a Q1 loss of $0.02 per share, slightly worse than the consensus loss of $0.01 per share. However, WYNN's stock price saw a small increase of $0.79 per share (+0.71%) in after-hours trading and is currently trading at $112.49.
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