Recap: VNET Gr Q3 Earnings
Portfolio Pulse from Benzinga Insights
VNET Gr (NASDAQ:VNET) reported Q3 earnings with an EPS of $-0.06, beating estimates by 14.29% against an expected $-0.07. Revenue increased by $3.59 million compared to the same period last year. Despite beating this quarter, the company's previous earnings miss resulted in a 1.83% share price drop the following day. Historical earnings performance shows mixed results over the past four quarters.
November 15, 2023 | 9:35 pm
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POSITIVE IMPACT
VNET Gr reported better-than-expected Q3 earnings with a slight increase in revenue compared to last year. Historically, the stock has shown sensitivity to earnings reports, with a drop after a miss last quarter.
VNET's positive earnings beat and revenue increase are likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. However, the market's reaction to past earnings reports suggests that the impact may be moderate, as the stock has previously shown sensitivity to earnings performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100