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21Vianet: 3Q Earnings Snapshot

Last Updated Nov 24, 2020 at 5:26 pm EST

BEIJING (AP) _ 21Vianet Group Inc. (VNET) on Tuesday reported third-quarter net income of $14.3 million, after reporting a loss in the same period a year earlier.

The Beijing-based company said it had profit of 6 cents per share.

The provider of carrier-neutral internet data centre services posted revenue of $183.5 million in the period.

For the current quarter ending in December, 21Vianet said it expects revenue in the range of $190.8 million to $193.7 million.

The company expects full-year revenue in the range of $693.7 million to $696.6 million.

21Vianet shares have more than tripled since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.89, more than tripling in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VNET at https://www.zacks.com/ap/VNET

The Associated Press