21Vianet Results Miss Estimates, Cuts FY Guidance; Stock Down 6%

(RTTNews) - 21Vianet Group Inc (VNET), a Chinese Internet infrastructure services company, on Wednesday reported second-quarter net loss to stockholders of 145.1 million renminbis or $23.4 million, compared with a loss of 62.2 million renminbis in the prior year.

Loss per American depositary share for the quarter was 1.68 renminbis or $0.27, compared with a loss of 0.96 renminbis last year.

Excluding items, adjusted loss per share for the quarter was 0.12 renminbis or $0.02, compared with a profit of 0.30 renminbis a year ago.

Revenues for the quarter were 866.8 million renminbis or $139.8 million, compared with 658 million renminbis last year.

Analysts polled by Thomson Reuters expected earnings of 0.10 renminbis per share on revenues of 918.1 million for the quarter.

For the third quarter, the company expects revenues of 900 million renminbis to 940 million renminbis, while analysts expect 1.02 billion renminbis.

For the full year 2015, the company now expects revenues of 3.58 billion renminbis to 3.68 billion renminbi, down from prior guidance of 3.91 billion renminbis to 4.11 billion renminbis. Analysts expect revenues of 3.96 billion renminbis.