Switch Announces Third Quarter 2019 Financial Results
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Switch, Inc. (SWCH) Misses Q3 EPS by 2c, Revenues Beat; Raises FY19 Revenue Guidance Above Consensus
November 7, 2019 4:32 PM ESTSwitch, Inc. (NYSE: SWCH) reported Q3 EPS of $0.02, $0.02 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $117.6 million versus the consensus estimate of $113.18 million.
Third Quarter 2019 Financial Results
Total revenue of $117.6 million, compared to $102.8 million for the same quarter in 2018, an increase of 14.4%.Income from operations of $18.1 million, compared to $12.5 million for the same quarter last year, an increase of 44.7%. Income from operations in the third quarter of 2019 also included $1.2 million in additional depreciation and amortization expense.Net income of $7.1 million, compared to $4.7 million... More