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Switch: 3Q Earnings Snapshot

·1 min read

LAS VEGAS (AP) _ Switch Inc. (SWCH) on Thursday reported third-quarter profit of $5.2 million.

The Las Vegas-based company said it had net income of 5 cents per share.

The results surpassed 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 $128.8 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $129 million.

Switch expects full-year revenue in the range of $510 million to $518 million.

Switch shares have risen 4.5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.48, a climb of roughly 4% 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 SWCH at https://www.zacks.com/ap/SWCH