VNET Group Inc reports results for the quarter ended in December - Earnings Summary

Reuters03-28

* VNET Group Inc reported a quarterly adjusted loss of CNY15.88 per share for the quarter ended in December, lower than the same quarter last year, when the company reported EPS of -42 fen. The mean expectation of two analysts for the quarter was for a loss of CNY1.29 per share. Wall Street expected results

* Revenue rose 0.9% to CNY1.90 billion from a year ago; analysts expected CNY2.02 billion.

* VNET Group Inc shares had fallen by 43.4% this quarter.

FORECAST CHANGES

* The mean earnings estimate of analysts had risen by about 20.5% in the last three months.

* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

* Wall Street's median 12-month price target for VNET Group Inc is $3.50

This summary was machine generated from LSEG data March 27 at 10:34 p.m. UTC. All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Dec. 31 2023 -1.29 -15.88 Missed

Sep. 30 2023 -0.51 -0.28 Beat

Jun. 30 2023 -0.38 -1.56 Missed

Mar. 31 2023 -0.63 0.42 Beat

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The ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VNET","symbol_name":"世纪互联","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2422978365","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422978365","pubTimestamp":1711578875,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"* VNET Group Inc    reported a quarterly adjusted loss of CNY15.88 per share for the quarter ended in December, lower than the same quarter last year, when the company reported EPS of -42 fen.  The me","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"VNET":"世纪互联"},"translate_title":"VNET集团公司报告截至12月的季度业绩——收益摘要","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VNET":0.9},"content_text":"* VNET Group Inc    reported a quarterly adjusted loss of CNY15.88 per share for the quarter ended in December, lower than the same quarter last year, when the company reported EPS of -42 fen.  The mean expectation of two analysts for the quarter was for a loss of CNY1.29 per share. 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