VNET Gr Q4 EPS $(0.48) Misses $(0.18) Estimate, Sales $267.39M Miss $279.03M Estimate
Portfolio Pulse from dijoy@benzinga.com
VNET Gr reported Q4 losses of $(0.48) per share, missing the $(0.18) estimate by 166.67%, and a 700% decrease from last year's $(0.06) losses. Sales were $267.39M, missing the $279.03M estimate by 4.17%, and a 1.94% decrease from last year's $272.67M.
March 27, 2024 | 9:20 pm
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VNET Gr reported significantly wider losses of $(0.48) per share in Q4, missing estimates by a wide margin, and sales also fell short of expectations.
The significant miss in both earnings per share and sales compared to analyst estimates, along with a substantial year-over-year decline in performance, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100