Investing.com - 21Vianet reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
21Vianet announced earnings per share of 0.24 on revenue of 1.5B. Analysts polled by Investing.com anticipated EPS of -0.31 on revenue of 1.48B.
21Vianet shares are down 47.54% from the beginning of the year, still down 59.06% from its 52 week high of 44.45 set on February 10. They are under-performing the Nasdaq which is up 16.54% 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 July 27, who reported EPS of 1.3 on revenue of 81.43B, compared to forecasts EPS of 1.01 on revenue of 73.33B.
Alphabet C had beat expectations on July 27 with second quarter EPS of 27.26 on revenue of 61.88B, compared to forecast for EPS of 19.33 on revenue of 56.19B.
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