CORRECTION: 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 earnings per share (EPS) of $(0.24), missing the analyst consensus estimate of $(0.05) by 380 percent. This is a 33.33 percent increase over losses from the same period last year. The company also reported quarterly sales of $251.23 million, missing the analyst consensus estimate of $258.61 million by 2.85 percent, a 2.44 percent decrease from the same period last year.
August 23, 2023 | 8:41 pm
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VNET Gr's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term.
VNET Gr's Q2 earnings per share and sales both missed analyst estimates. This underperformance could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100