LAS VEGAS (AP) _ Switch Inc. (SWCH) on Thursday reported third-quarter net income of $2.1 million.
On a per-share basis, the Las Vegas-based company said it had net income of 2 cents. Earnings, adjusted for non-recurring costs, came to 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 5 cents per share.
The data center operator posted revenue of $117.6 million in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $113.3 million.
Switch expects full-year revenue in the range of $454 million to $456 million.
Switch shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.57, an increase of 46% in the last 12 months.