05:21 PM EDT, 03/27/2024 (MT Newswires) -- Vnet Group ( VNET ) reported a Q4 loss late Wednesday of 15.88 Chinese renminbi ($2.22) per American depositary share, wider than a loss of 0.42 renminbi a year earlier.

One analyst surveyed by Capital IQ expected a loss of 1.29 renminbi.

Revenue for the quarter ended Dec. 31 was 1.90 billion renminbi, up from 1.88 billion renminbi a year earlier.

Four analysts surveyed by Capital IQ expected 2.01 billion renminbi.

The company said it expects full-year 2024 revenue of 7.80 billion renminbi to 8 billion renminbi. Analysts surveyed by Capital IQ expect 8.34 billion renminbi.

Shares of the company fell 2.7% in after-hours trading.

Price: 1.65, Change: -0.05, Percent Change: -2.68