21Vianet Group, Inc. (VNET) Reports Q2 EPS of 5c, Offers FY14 Guidance

21Vianet Group, Inc. (NASDAQ: VNET) reported Q2 EPS of $0.05, $0.05 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $106.1 million versus the consensus estimate of $104.9 million.

Financial Outlook

For the third quarter of 2014, the Company expects net revenues to be in the range of RMB777 million to RMB813 million, representing approximately 55% growth year over year at the mid point. Adjusted EBITDA is expected to be in the range of RMB153 million to RMB170 million. For the full year 2014, the Company now expects net revenues to be in the range of RMB2.94 billion to RMB3.02 billion, representing approximately 52% growth over 2013 at the mid point. Adjusted EBITDA for the full year 2014 is expected to be in the range of RMB600 million to RMB630 million, representing approximately 68% growth over 2013 at the mid point. The increase in the full year 2014 outlook from our prior guidance primarily reflects the expected contributions from recently announced transactions. 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, Inc. (VNET) click here.

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