VNET Q1 Sales $262.90M Miss $267.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
VNET (NASDAQ:VNET) reported Q1 sales of $262.90 million, missing the analyst consensus estimate of $267.55 million by 1.74%. This represents a slight decrease of 0.02% compared to the same period last year.
May 29, 2024 | 8:47 pm
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NEGATIVE IMPACT
VNET reported Q1 sales of $262.90 million, missing the analyst consensus estimate of $267.55 million by 1.74%. This slight miss and the marginal decrease in sales compared to last year may negatively impact the stock price in the short term.
The miss on sales estimates by 1.74% and the slight year-over-year decrease in sales are likely to be viewed negatively by investors, potentially leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100