21Vianet Announces Q2 2013 Earnings Results

21Vianet (NASDAQ:VNET), the largest carrier-neutral data center services provider in China announced its results last evening after market close. The Company posted a splendid Y/Y revenue increase of 29%, beating the high end of the analyst estimates. However all that was good for the company in this quarter ends with its topline growth. Though the company reported an increase in adjusted EBITDA of 24% on a Y/Y basis, the margins saw a marginal dip leading to a 55% fall in the earnings per share. The adjusted earnings per share of 5 cents per share also came in below analyst estimates of 8 cents per share. The stock price took a 7% dip post announcement of results in after-market hours and looking at the performance this wouldn’t be a company we would be betting our money on in the long term.

To see Vianet’s latest stock price movement, click here 21Vianet stock chart.

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