GDS Holdings Reports Q2 Loss, Tops Revenue Estimates
GDS Holdings (NASDAQ: GDS) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.18 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 28%. A quarter ago, it was expected that this company would post a loss of $0.33 per share when it actually produced a loss of $0.27, delivering a surprise of 18.18%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
GDS Holdings, which belongs to the Zacks Technology Services industry, posted revenues of $388.92 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.25%. This compares to year-ago revenues of $340.91 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
GDS Holdings shares …
Full story available on Benzinga.com
