21Vianet Group (VNET) Tops Q3 EPS by 1c

21Vianet Group (NASDAQ: VNET) reported Q3 EPS of ($0.13), $0.01 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $145.3 million versus the consensus estimate of $133.55 million.

Financial Outlook

For the fourth quarter of 2016, the Company expects net revenues to be in the range of RMB900 million to RMB940 million, compared with RMB983.4 million in the prior year. Adjusted EBITDA is expected to be in the range of RMB50 million to RMB70 million, compared with RMB102.1 million in the prior year.

For the full year 2016, the Company now expects net revenues to be in the range of RMB3.64 billion to RMB3.68 billion (revised from prior guidance of RMB3.62 billion to RMB3.66 billion), compared with RMB3.63 billion in the prior year. Adjusted EBITDA for the full year 2016 is expected to be in the range of RMB242 million to RMB262 million (revised from prior guidance of RMB240 million to RMB260 million), compared with RMB540.4 million in the prior year. These forecasts reflect the Company's current and preliminary view, which may be subject to change.

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

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