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21Vianet reports 4Q loss

BEIJING (AP) _ 21Vianet Group Inc. (VNET) on Wednesday reported a loss of $63.8 million in its fourth quarter.

The Beijing-based company said it had a loss of 60 cents per share. Losses, adjusted for one-time gains and costs, were 7 cents per share.

The provider of carrier-neutral internet data center services posted revenue of $129.7 million in the period.

For the year, the company reported that its loss widened to $117.7 million, or $1.18 per share. Revenue was reported as $524.5 million.

For the current quarter ending in April, 21Vianet said it expects revenue in the range of $118.1 million to $126.7 million.

The company expects full-year revenue in the range of $532.9 million to $561.7 million.

21Vianet shares have increased almost 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.05, a decline of 65 percent in the last 12 months.


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


Keywords: 21Vianet, Earnings Report