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Switch: 1Q Earnings Snapshot

LAS VEGAS (AP) _ Switch Inc. (SWCH) on Wednesday reported first-quarter profit of $700,000.

On a per-share basis, the Las Vegas-based company said it had profit of 1 cent. Earnings, adjusted for non-recurring costs, were 2 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The data center operator posted revenue of $107 million in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $105.4 million.

Switch expects full-year revenue in the range of $436 million to $445 million.

Switch shares have climbed 57% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.02, a decline of 28% 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 SWCH at https://www.zacks.com/ap/SWCH