Investing.com - 21Vianet reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
21Vianet announced earnings per share of -1.28 on revenue of 1.35B. Analysts polled by Investing.com anticipated EPS of 1.65 on revenue of 1.33B.
21Vianet shares are down 1.7% from the beginning of the year and are trading at 34.10 , down-from-52-week-high.They are under-performing the Nasdaq which is up 2.63% from the start of the year.
21Vianet follows other major Technology sector earnings this month
21Vianet's report follows an earnings beat by NVIDIA on Wednesday, February 24, 2021, who reported EPS of 3.1 on revenue of 5B, compared to forecasts EPS of 2.81 on revenue of 4.82B.
Adobe had beat expectations on Tuesday with first quarter EPS of 3.14 on revenue of 3.91B, compared to forecast for EPS of 2.79 on revenue of 3.76B.
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