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Switch Posts Q4 Profit

Switch Inc. (SWCH) Tuesday reported fourth-quarter net income of $2.55 million or $0.05 per share, compared with last year's loss of $66.98 million or $2.09 per share last year.

Revenues for the quarter were $103.2 million, up from $99.3 million last year.

Analysts polled by Thomson Reuters estimated earnings of $0.03 per share and revenues of $104.15 million for the quarter.

Looking forward to the full year 2019, Switch expects revenues of $436 million to $445 million, representing 8.5% growth at the midpoint. Analysts currently estimate revenues of $449.89 million.

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