21Vianet Group Inc (VNET) Releases Earnings Results, Misses Expectations By $-0.11 EPS

21Vianet Group Inc (VNET) reported quarterly earnings results on Thursday, May-26-2016. The company reported $-0.13 earnings per share for the quarter, missing the analyst consensus estimate by $-0.11. Analysts had a consensus of $-0.02. The company posted revenue of $133.70 million in the period, compared to analysts expectations of $152.59 million. The company’s revenue was down -3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

21Vianet Group Inc closed down -0.81 points or -5.87% at $12.98 with 59,30,788 shares getting traded on Wednesday. Post opening the session at $13.79, the shares hit an intraday low of $12.53 and an intraday high of $13.88 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

21Vianet Group Inc. is a carrier-neutral Internet data center services provider in China. The Company hosts its customers’ servers and networking equipment and provides interconnectivity to improve the performance availability and security of their Internet infrastructure. The Company also provides managed network services to enable customers to deliver data across the Internet in a faster and reliable manner through its data transmission network and smart routing technology. The Company provides complementary Internet infrastructure services such as content delivery network (CDN) services virtual private network (VPN) services and last-mile wired broadband services to improve the security speed and quality of data transmission in China. It offers public cloud services private cloud and hybrid services. In addition the Company also offers container-based data center service.

21Vianet Group Inc

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