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Updated from 5:11 p.m. ET for latest share prices, additional information on Diamond Foods, TriQuint, iRobot and TripAdvisor.



) -- Shares of

Akamai Technologies

(AKAM) - Get Akamai Technologies, Inc. Report

surged in late trades on Wednesday after the Web content delivery company waltzed past Wall Street's profit view for its fiscal fourth quarter.

The Cambridge, Mass.-based company reported normalized net income of $83 million, or 45 cents a share, for the December-ended period on revenue of $323.7 million, up 15% on a sequential basis. The average estimate of analysts polled by

Thomson Reuters

was for a profit of 40 cents a share in the quarter on revenue of $311.3 million.

Akamai also named James Benson chief financial officer, replacing J. Donald Sherman, who has served in the role since 2006 and is leaving to join a private company. Benson, currently senior vice president of finance at Akamai, will take over as CFO effective March 1.

The stock last quoted at $38.85, up 12.8%, on volume of 1.7 million, according to

. Based on Thursday's regular-session close at $34.44, the shares are down nearly 30% in the past year, although they're up nearly 90% since scraping a 52-week low of $18.25 on Oct. 4.

"Akamai posted record results in the fourth quarter, with accelerated growth across our business." said Paul Sagan, the company's president and CEO, in a statement. "We believe our Content Delivery and Cloud Infrastructure solutions are stronger than ever, and we look forward to further enhancing our Cloud Infrastructure portfolio with the completed acquisition of Blaze and the planned acquisition of Cotendo, which may close as early as the first quarter."

Wall Street was skeptical about Akamai ahead of the report with 16 of the 25 analysts covering the stock at either hold (13), underperform (2) or sell (1), and the median 12-month price target at $33.

Check out TheStreet's quote page for Akamai for year-to-date share performance, analyst ratings, earnings estimates and much more.


Shares of


(GRPN) - Get Groupon, Inc. Report

sold off in the extended session as the online daily deals company surprised Wall Street with a loss in its first-ever quarterly report as a public company.

Groupon posted a pro forma adjusted loss of $9.8 million, or 2 cents a share, for the three months ended Dec. 31 on revenue of $506.5 million, more than triple its revenue total in the year-ago equivalent period.

Analysts were looking for adjusted profit of 3 cents per share and revenue of $475 million in the quarter. Groupon said its adjusted results reflect a negative impact of 7 cents a share from high taxes on its international operations.

The stock was last quoted at $20.80, down 15.4%, on volume of 3.3 million, according to

. The company priced its IPO at $20 per share back in early November, and has mostly traded close to that level since then before surging in six of the last seven sessions ahead of the report.

Cisco Systems

Dow component

TheStreet Recommends

Cisco Systems

(CSCO) - Get Cisco Systems, Inc. Report

edged up after the closing bell as the networking giant

handily beat Wall Street's profit view by snapping up market share from the competition

and said it's lifting its quarterly dividend by more than 30% to 8 cents a share.

The shares were last quoted at $20.39, down 4 cents, on volume of 14.8 million, according to

. The stock ran as high as $21.30 in the after-hours session.

Cisco reported non-GAAP earnings of $2.6 billion, or 47 cents a share, in the January-ended period on revenue of $11.5 billion. Wall Street analysts polled by Thomson Reuters expected Cisco to report earnings of 43 cents per share on $11.23 billion in revenue.

Other companies garnering investor interest in the extended session included

Diamond Foods


, whose shares plunged more than 40% to $21.38 on volume of 7.9 million after the snack company said it needs to restate its financials for the past two years and bounced both its CEO and CFO;

Triquint Semiconductor


, whose stock fell 9.2% to $6.21 on volume of more than 930,000 after the chip maker forecast non-GAAP earnings of 1 to 3 cents a share in its fiscal first quarter, hinting at downside to the current consensus profit view of 3 cents;


(IRBT) - Get iRobot Corporation Report

, whose shares lost 20.6% to $30.40 on volume of nearly 280,000 after the manufacturer of robots for home, government and industrial applications said it expects between breakeven results and a loss of 8 cents a share in the first quarter, well below Wall Street's consensus view for a profit of 30 cents a share; and


(TRIP) - Get TripAdvisor, Inc. Report

, whose stock was down 9.7% to $31 on volume of close to 280,000 after the online travel reservation company came in a penny short with its fiscal fourth-quarter earnings despite a better than expected performance on the top line.


Written by Michael Baron in New York.

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Michael Baron


Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.