VNET Group Reports Mixed Q3 Results

VNET Group, a Beijing-based internet data center services provider, reported a significant loss of $43.1 million in Q3, translating to a loss of $0.16 per share. However, after adjusting for one-time expenses, the company showed a slight profit of $0.02 per share, with total revenue of $362.7 million. Despite the reported net loss, adjusted earnings suggest operational strengths, making VNET Group a company to watch in the technology and data infrastructure sector.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.