VNET Gr (NASDAQ:VNET) reported its Q1 earnings results on Wednesday, May 24, 2023 at 04:30 PM.
Here’s what investors need to know about the announcement.
Earnings
VNET Gr beat estimated earnings by 111.11%, reporting an EPS of $0.01 versus an estimate of $-0.09.
Revenue was up $3.37 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.39 which was followed by a 11.57% drop in the share price the next day.
Here’s a look at VNET Gr’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.45 | -0.08 | -0.36 | |
| EPS Actual | -0.06 | -0.42 | -0.36 | 0.03 |
| Revenue Estimate | 284.23M | 256.07M | 249.15M | 275.73M |
| Revenue Actual | 272.67M | 255.04M | 257.51M | 259.57M |
To track all earnings releases for VNET Gr visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
