Investing.com - VNET DRC reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
VNET DRC announced earnings per share of -2.58 on revenue of 1.72B. Analysts polled by Investing.com anticipated EPS of -0.2842 on revenue of 1.71B.
VNET DRC shares are down 42.97% from the beginning of the year, still down 77.52% from its 52 week high of 22.91 set on September 7, 2021. They are under-performing the Nasdaq which is down 24.04% from the start of the year.
VNET DRC follows other major Information Technology sector earnings this month
VNET DRC's report follows an earnings beat by NVIDIA on August 24, who reported EPS of 0.51 on revenue of 6.7B, compared to forecasts EPS of 0.4991 on revenue of 6.7B.
Cisco had beat expectations on August 17 with fourth quarter EPS of 0.83 on revenue of 13.1B, compared to forecast for EPS of 0.8162 on revenue of 12.73B.
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