Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of 21Vianet Group (Nasdaq: VNET ) have dropped by as much as 17% today before recouping most of those losses after the company reported earnings.
So what: First-quarter revenue came out to $55 million, with adjusted net income of $6 million, or $0.12 per share. Those results were right about on target with what the Street was expecting, with 21Vianet topping expectations by a hair.
Now what: CEO Josh Chen said the company increased capacity utilization to 82% to meet demand in the coming quarters, and the company's plans to expand its data centers remains on track. 21Vianet also provided second quarter guidance (in local currency), expecting revenue to be between 364 million yuan to 370 million yuan. For context, the just-closed quarter's revenue was 345.8 million yuan before converting to dollars.
Interested in more info on 21Vianet Group? Add it to your Watchlist.
RSS Headlines
Fool UK
Comments from our Foolish Readers
Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the
Report this Comment icon found on every comment.
Report this Comment On May 17, 2012, at 3:35 PM, djohn1969 wrote:
Um, what is the point of this article? It claims to explain why the shares pf XYZ dropped, but basically only says 'earnings were in-line with estimates and the share price tanked anyway'... the same thing anybody knows without wasting time browsing to and reading the article.
Add your comment.