Switch Announces First Quarter 2019 Financial Results
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Switch, Inc. (SWCH) Misses Q1 EPS by 3c, Revenues Beat; Affirms FY19 Revenue Outlook
May 8, 2019 4:19 PM EDTSwitch, Inc. (NYSE: SWCH) reported Q1 EPS of $0.01, $0.03 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $107 million versus the consensus estimate of $104.95 million.
First Quarter 2019 Financial Results
Total revenue of $107.0 million, compared to $97.7 million for the same quarter in 2018, an increase of 10%.Operating income of $15.5 million, compared to $9.4 million for the same quarter last year, an increase of 65%. Operating income in the first quarter of 2019 includes the impact of $8.1 million in equity-based compensation expense compared to $12.4 million in the same quarter of 2018. Operating income in the first... More