05:20 PM EST, 11/20/2024 (MT Newswires) -- VNET Group ( VNET ) reported Q3 earnings late Wednesday of 0.30 Chinese renminbi ($0.06) per diluted American depositary share, compared with a loss of 0.36 renminbi a year earlier.

Analysts polled by Factset expected 0.23 renminbi.

Revenue for the quarter ended Sept. 30 rose to 2.12 billion renminbi from 1.89 billion renminbi a year earlier.

Analysts surveyed by Factset expected 2.02 billion renminbi.

The company said it increased its 2024 net revenue projections to between 8 billion renminbi to 8.1 billion renminbi from previous estimate of 7.80 billion renminbi to 8 billion renminbi. The consensus is for 7.99 billion renminbi.