Brace yourselves for the unveiling of VNET Group's (NASDAQ: VNET) second quarter financial results on Tuesday 27th August 2024. This eagerly awaited announcement will take place after market close.
Wall Street financial experts are forecasting that the concern will announce an expected $0.06 loss per share for the quarter. Moreover, the firm is anticipated to disclose a total revenue of $270.65 million for this specific period.
The company's earnings report for the corresponding quarter of the previous year showcased a per-share loss of $0.24. This figure was a result of the company's total revenue, which reached an impressive $251.23 million during that specific period.
The projections from Wall Street analysts indicate that the company is expected to generate a total revenue of $1.1 billion for the full year. Moreover, they anticipate the earnings per share to reach loss of $0.12 during the fiscal year.
VNET has scheduled a conference call on 27th August 2024 at 09:00 PM eastern time to discuss the second quarter financial results and other related information.
During Friday's trading, VNET Group (VNET) shares reached a low of $1.93 and a high of $2.13, along with a total volume of 1.27 million shares. The stock ended the regular trading session at $2.10, indicating a rise of 8.25 percent.
