VNET Group Raises FY2026 Sales Guidance from $1.660B-$1.704B to $1.695B-$1.739B vs $1.740B Est

VNET Group shares are trading lower after the cmpany reported Q2 financial results and raised its FY36 sales guidance with its midpoint below estimates.

VNET Gr Q2 EPS $(0.06), Inline, Sales $409.535M Beat $405.240M Estimate

VNET Gr (NASDAQ:VNET) reported quarterly losses of $(0.06) per share which met the analyst consensus estimate. This is a 500 percent decrease over losses of $(0.01) per share from the same period last year. The company

Pomerantz LLP Announces Proposed Class Action Settlement on Behalf of all Persons and Entities that Purchased and/or Otherwise Acquired the American Depositary Shares of VNET Group, Inc. (VNET)

A proposed class action settlement of $5.875 million has been approved by the U.S. District Court for the Southern District of New York on behalf of shareholders who purchased VNET Group, Inc. American Depositary Shares between March 23, 2022 and February 17, 2023. A settlement hearing is scheduled for August 27, 2026, to determine approval of the settlement, plan of allocation, and attorneys' fees.