Switch Announces Fourth Quarter and Full Year 2020 Financial Results
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Switch, Inc. (SWCH) Tops Q4 EPS by 1c, Revenues Miss; Offers FY21 Revenues Guidance Below Consensus
March 1, 2021 4:12 PM ESTSwitch, Inc. (NYSE: SWCH) reported Q4 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $127.7 million versus the consensus estimate of $131.3 million.
Fourth Quarter 2020 Financial Results
Total revenue of $127.7 million, compared to $120.5 million for the same quarter in 2019, an increase of 6%. Fourth quarter revenue was affected by two customers electing to migrate a portion of their application stack to a public cloud environment, resulting in an approximate $3 million reduction in fourth quarter revenue.Income from operations of $26.3 million, compared to $18.3 million for the same... More