VNET Gr: Q1 Earnings Insights

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.

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.

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.