VNET DRC (NASDAQ: VNET) reported a second-quarter loss of ¥0.09 per share, missing the consensus estimate of ¥1.58 by ¥1.67, while revenue totaled ¥2.78 billion against a ¥2.8 billion forecast.
The data center operator’s earnings miss follows mixed revisions to its earnings per share outlook over the past 90 days. Shares closed at ¥7.92, down 16.98% over the past three months and 13.71% over the last 12 months, according to InvestingPro’s financial health assessment.
The company’s reported revenue decline underscores ongoing challenges in maintaining growth amid competitive pressures in the data center industry.
