Switch: Q2 Earnings Snapshot
LAS VEGAS (AP) _ Switch Inc. (SWCH) on Monday reported second-quarter earnings of $376.8 million.
On a per-share basis, the Las Vegas-based company said it had profit of $1.51. Earnings, adjusted for non-recurring gains, came to 2 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The data center operator posted revenue of $168.2 million in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $166 million.