21Vianet: 1Q Earnings Snapshot

21Vianet: 1Q Earnings Snapshot

Associated Press
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BEIJING (AP) _ 21Vianet Group Inc. (VNET) on Thursday reported first-quarter net income of $841,000.

On a per-share basis, the Beijing-based company said it had profit of 1 cent.

The provider of carrier-neutral internet data center services posted revenue of $129.9 million in the period.

For the current quarter ending in July, 21Vianet said it expects revenue in the range of $127.7 million to $130.6 million.

The company expects full-year revenue in the range of $545.5 million to $560 million.

21Vianet shares have decreased slightly more than 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.92, a climb of 16% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VNET at https://www.zacks.com/ap/VNET

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