GDS: 3Q Earnings Snapshot
Posted November 16, 2020 5:09 pm.
Last Updated November 16, 2020 5:24 pm.
This article is more than 5 years old.
SHANGHAI (AP) _ GDS Holdings (GDS) on Monday reported a loss of $31 million in its third quarter.
The Shanghai-based company said it had a loss of 21 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The company posted revenue of $224.6 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $212.7 million.
GDS expects full-year revenue in the range of $839.5 million to $846.9 million.
GDS shares have risen 81% since the beginning of the year. In the final minutes of trading on Monday, shares hit $93.15, more than doubling in the last 12 months.
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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
The Associated Press
