VNET Gr Q2 2024 Adj EPS RMB0.04 Beats RMB(0.42) Estimate, Sales RMB1.99B Beat RMB1.93B Estimate
Portfolio Pulse from Benzinga Newsdesk
VNET Group reported Q2 2024 earnings of $0.04 per share, significantly beating the analyst estimate of $(0.42). Sales reached $1.99 billion, surpassing the expected $1.93 billion and marking a 692.10% increase from the previous year.
August 27, 2024 | 8:34 pm
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VNET Group's Q2 2024 earnings per share of $0.04 beat expectations by 109.52%, and sales of $1.99 billion exceeded estimates, showing a 692.10% year-over-year increase.
VNET's earnings and sales significantly exceeded analyst expectations, indicating strong financial performance. The substantial year-over-year sales growth further supports a positive outlook for the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100