LAS VEGAS (AP) _ Switch Inc. (SWCH) on Wednesday reported second-quarter net income of $1.2 million.
On a per-share basis, the Las Vegas-based company said it had profit of 1 cent. Earnings, adjusted for non-recurring costs, were 4 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The data center operator posted revenue of $111.6 million in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $109.7 million.
Switch expects full-year revenue in the range of $442 million to $448 million.
Switch shares have increased 96% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.75, an increase of roughly 3% in the last 12 months.