VNET Q1 Earnings Per ADS $(0.12) Misses $(0.02) Estimate
Portfolio Pulse from Benzinga Newsdesk
VNET Group (NASDAQ:VNET) reported a quarterly loss of $(0.12) per ADS, significantly missing the analyst consensus estimate of $(0.02) by 500%.
May 29, 2024 | 9:03 pm
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NEGATIVE IMPACT
VNET Group reported a quarterly loss of $(0.12) per ADS, missing the analyst consensus estimate of $(0.02) by 500%. This significant earnings miss is likely to negatively impact the stock price in the short term.
The substantial earnings miss indicates weaker-than-expected financial performance, which typically leads to a negative market reaction and a decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100