Switch Announces First Quarter 2021 Financial Results
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Switch, Inc. (SWCH) Tops Q1 EPS by 4c, Revenues Beat; Offers FY21 Revenues Outlook
May 10, 2021 4:11 PM EDTSwitch, Inc. (NYSE: SWCH) reported Q1 EPS of $0.09, $0.04 better than the analyst estimate of $0.05. Revenue for the quarter came in at $130.9 million versus the consensus estimate of $129.03 million.
First Quarter 2021 Financial Results
Total revenue of $130.9 million, compared to $128.1 million for the same quarter in 2020, an increase of 2%. Revenue growth was negatively impacted by 330 basis points due to a $4.0 million decrease in non-recurring fiber revenue, compared to the year ago quarter.Income from operations of $24.2 million, an increase of 15% compared to $21.0 million for the year ago quarter.Net income... More