Investing.com - VNET DRC reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
VNET DRC announced earnings per share of ¥0.48 on revenue of ¥1.81B. Analysts polled by Investing.com anticipated EPS of ¥-0.42 on revenue of ¥1.85B.
VNET DRC shares are down 43.85% from the beginning of the year and are trading at ¥5.25 , down-from-52-week-high.
VNET DRC shares gained 3.55% in after-hours trade the report.
VNET DRC follows other major Information Technology sector earnings this month
VNET DRC's report follows an earnings beat by Apple on October 27, who reported EPS of ¥1.29 on revenue of ¥90.1B, compared to forecasts EPS of ¥1.26 on revenue of ¥88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of ¥2.35 on revenue of ¥50.1B, compared to forecast for EPS of ¥2.32 on revenue of ¥49.86B.
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