Switch Inc. (SWCH) Is Falling After Weak Q2 Report
Switch Inc. (SWCH) reported second quarter EPS of $0.02 after the bell Monday, down from $0.07 in the prior year period. The consensus estimate was for EPS of $0.04.
The company also lowered its full year revenue forecast to between $405 million and $408 million, from prior expectations of $423 million to $440 million.
Switch was range-bound throughout Monday’s session and closed down by 0.09 at $13.98. The stock is now down 1.98 on 22K shares.
by RTTNews Staff Writer
Source: Read Full Article