Investing.com - 21Vianet reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
21Vianet announced earnings per share of 0.08 on revenue of 1.25B. Analysts polled by Investing.com anticipated EPS of -0.1821 on revenue of 1.24B.
21Vianet shares are up 243.31% from the beginning of the year, still down 18.23% from its 52 week high of 30.44 set on July 9. They are outperforming the Nasdaq which is up 34.15% 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 October 29, who reported EPS of 0.73 on revenue of 64.7B, compared to forecasts EPS of 0.7099 on revenue of 63.8B.
Microsoft had beat expectations on October 27 with first quarter EPS of 1.82 on revenue of 37.15B, compared to forecast for EPS of 1.54 on revenue of 35.76B.
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