GDS Holdings: Q3 Earnings Snapshot

Associated Press Finance

2024-11-19

SHANGHAI (AP) — SHANGHAI (AP) — GDS Holdings Limited (GDS) on Tuesday reported a loss of $27.4 million in its third quarter.

The Shanghai-based company said it had a loss of 16 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.

The company posted revenue of $422.6 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $415.4 million.

GDS Holdings expects full-year revenue in the range of $1.58 billion to $1.64 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GDS at https://www.zacks.com/ap/GDS

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