VNET Gr Q2 EPS $(0.24) Misses $(0.05) Estimate, Sales $251.23M Miss $258.61M Estimate
Portfolio Pulse from Happy Mohamed
VNET Gr (NASDAQ:VNET) reported Q2 EPS of $(0.04), beating the estimate of $(0.05) by 20%. However, the company's sales of $251.20M missed the estimate of $258.61M by 2.87%. This represents a 88.89% increase in EPS and a 2.45% decrease in sales compared to the same period last year.
August 23, 2023 | 8:31 pm
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NEUTRAL IMPACT
VNET Gr reported better than expected Q2 EPS but lower than expected sales. This mixed result could lead to volatility in the stock's price.
VNET Gr's Q2 earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. These mixed results could lead to uncertainty and volatility in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100