Switch Announces Fourth Quarter and Full Year 2019 Financial Results
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Switch, Inc. (SWCH) Reports In-Line Q4 EPS, Revenues Beat; Offers FY20 Revenue Guidance
February 27, 2020 4:13 PM ESTSwitch, Inc. (NYSE: SWCH) reported Q4 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $120.5 million versus the consensus estimate of $119.32 million.
Fourth Quarter 2019 Financial Results
Total revenue of $120.5 million, compared to $103.2 million for the same quarter in 2018, an increase of 17%. Fourth quarter revenue includes a $0.5 million benefit resulting from the adoption of ASC 606 and ASC 842.
Income from operations of $18.3 million, compared to $16.9 million for the same quarter last year, an increase of 9%. Fourth quarter income from operations includes a $0.7 million positive adjustment... More
