Investing.com - 21Vianet reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
21Vianet announced earnings per share of -0.1 on revenue of 1.39B. Analysts polled by Investing.com anticipated EPS of -0.4345 on revenue of 1.39B.
21Vianet shares are down 38.83% from the beginning of the year, still down 52.26% from its 52 week high of 44.45 set on February 10. They are under-performing the Nasdaq which is up 5.97% from the start of the year.
21Vianet follows other major Technology sector earnings this month
21Vianet's report follows an earnings beat by Apple on April 28, who reported EPS of 1.4 on revenue of 89.58B, compared to forecasts EPS of 0.9864 on revenue of 77.09B.
Microsoft had beat expectations on April 27 with third quarter EPS of 1.95 on revenue of 41.71B, compared to forecast for EPS of 1.78 on revenue of 41.04B.
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