21Vianet Group (VNET) Tops Q3 EPS by 4RMB

21Vianet Group (NASDAQ: VNET) reported Q3 EPS of RMB0.54 (US$0.09), RMB0.04 better than the analyst estimate of RMB0.50. Revenue for the quarter came in at RMB778.5 million ( (US$126.8 million) versus the consensus estimate of RMB774.3 million.

For the fourth quarter of 2014, the Company expects net revenues to be in the range of RMB812 million to RMB848 million, representing approximately 61% growth year over year at the mid point. Adjusted EBITDA is expected to be in the range of RMB152 million to RMB168 million, representing approximately 68% growth year over year at the mid point. For the full year 2014, the Company now expects net revenues to be in the range of RMB2.84 billion to RMB2.87 billion, representing approximately 45% growth over 2013 at the mid point. Adjusted EBITDA for the full year 2014 is expected to be in the range of RMB551 million to RMB567 million, representing approximately 53% growth over 2013 at the mid point. The change in the full year 2014 outlook from our prior guidance primarily reflects impact from the transition to VAT system and the revised expectation for the MNS and cloud businesses. These forecasts reflect the Company's current and preliminary view, which is subject to change.

For earnings history and earnings-related data on 21Vianet Group (VNET) click here.

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