Why Switch, Inc. Stock Plunged Today [The Motley Fool]
Switch, Inc. Class A (SWCH)
Last switch, inc. class a earnings: 2/27 04:05 pm
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Source: The Motley Fool
The data center infrastructure specialist delivered an underwhelming quarter. Here's what investors need to know. Steve Symington ( TMFSymington ) May 15, 2018 at 4:53PM What happened Shares of Switch Inc. ( NYSE:SWCH ) fell 14.8% on Tuesday after the data center facilities company announced weaker-than-expected first-quarter 2018 results. More specifically, Switch's revenue grew 10% year over year to $97.7 million, and translated to net income attributable to Switch of $0.7 million, or $0.02 per diluted share. But analysts, on average, were looking for earnings of $0.05 per share on revenue of $99.8 million. IMAGE SOURCE: GETTY IMAGES. So what Still, Switch president and general counsel Thomas Morton insisted the company is pleased with its progress in both growing its ecosystems and positioning Switch as a partner of choice for global
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