Switch, Inc. (NYSE: SWCH) reported Q3 EPS of $0.00, versus $0.00 reported last year. Revenue for the quarter came in at $102.768 million versus the consensus estimate of $102.81 million.

"In the first year as a public company, Switch continued to establish the Switch PRIME campus locations as hyperscale technology infrastructure ecosystems, competitively positioned to support strategic enterprise deployments," said Rob Roy, CEO, chairman and founder of Switch. "We firmly believe that we are well aligned with industry dynamics, and uniquely positioned to jump start enterprise migration into a hybrid cloud environment."

Third Quarter 2018 Summary

• Quarterly revenue of $102.8 million, compared to $97.7 million for the same quarter in 2017.
• Signed over $39 million in annualized recurring charges.
• Operating income of $12.5 million, compared to $25.5 million for the same quarter last year. Operating income in the third quarter of 2018 includes the impact of $7.6 million in equity-based compensation expense, compared to $1.3 million in the same quarter of 2017, and $6.1 million in additional depreciation.
• Net income of $4.7 million, compared to $16.5 million for the same quarter in 2017. Net income in the third quarter of 2018 includes $7.6 million in equity-based compensation expense, compared to $1.3 million in the same quarter of 2017.
• Adjusted EBITDA of $50.9 million, compared to $49.7 million for the same quarter in 2017. Adjusted EBITDA margin of 49.5%, compared to 50.9% for the same quarter in 2017.

GUIDANCE:

Switch, Inc. sees FY2018 revenue of $405-408 million, versus the consensus of $406.86 million.

For earnings history and earnings-related data on Switch, Inc. (SWCH) click here.