Investing.com - 21Vianet reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
21Vianet announced earnings per share of -3.21 on revenue of 1.14B. Analysts polled by Investing.com anticipated EPS of -0.35 on revenue of 1.16B.
21Vianet shares are up 218.34% from the beginning of the year, still down 24.18% from its 52 week high of 30.44 set on July 9. They are outperforming the Nasdaq which is up 25.21% from the start of the year.
21Vianet shares lost 4.15% in intra-day trade following the report.
21Vianet follows other major Technology sector earnings this month
21Vianet's report follows an earnings beat by Apple on July 30, who reported EPS of 2.58 on revenue of 59.69B, compared to forecasts EPS of 2.05 on revenue of 52.29B.
Microsoft had beat expectations on July 22 with fourth quarter EPS of 1.46 on revenue of 38.03B, compared to forecast for EPS of 1.34 on revenue of 36.54B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar