Switch Announces Second Quarter 2020 Financial Results
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Switch, Inc. (SWCH) Reports In-Line Q2 EPS, Slight Miss in Revenues; Offers FY20 Revenue Guidance
August 6, 2020 5:02 PM EDTSwitch, Inc. (NYSE: SWCH) reported Q2 EPS of $0.06, in-line with the analyst estimate of $0.06. Revenue for the quarter came in at $126.9 million versus the consensus estimate of $127.18 million.
Second Quarter 2020 Financial Results
Total revenue of $126.9 million, compared to $112.0 million for the same quarter in 2019, an increase of 13%.Income from operations of $25.3 million, an increase of 21% compared to $20.9 million for the year ago quarter.Net income of $13.3 million, compared to net income of $4.7 million for the same quarter in 2019. Net income in the second quarter of 2020 includes the impact... More