GDS Holdings Ltd – (GDS) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS
GDS Holdings Ltd – (NYSE:GDS) announced its quarterly earnings data on Tuesday. The company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.01, Morningstar.com reports. The firm had revenue of $336.21 million during the quarter, compared to analyst estimates of $316.05 million. The firm’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same period last year, the business posted ($5.32) EPS.
GDS Holdings Ltd – (NYSE:GDS) opened at 9.38 on Wednesday. GDS Holdings Ltd – has a 12 month low of $6.90 and a 12 month high of $10.76. The firm has a 50-day moving average price of $9.15 and a 200 day moving average price of $8.31. The firm’s market capitalization is $891.11 million.
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Separately, Royal Bank Of Canada reaffirmed a “buy” rating and set a $14.00 target price on shares of GDS Holdings Ltd – in a report on Thursday, May 25th.
About GDS Holdings Ltd –
GDS Holdings Ltd is a developer and operator of data centers in China. The Company is engaged in design, build-out and operation of data centers. It operates as a carrier and cloud neutral, which enables its customers to connect to all the People’s Republic of China telecommunications carriers, and to access a number of the People’s Republic of China cloud service providers, whom it hosts in its facilities.
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