Chindata Group Holdings shares are trading higher after the company reported a year-over-year increase in Q1 adjusted EPADS and sales results. The company also raised FY23 adjusted EBITDA guidance.
Portfolio Pulse from Benzinga Newsdesk
Chindata Group Holdings reported a YoY increase in Q1 adjusted EPADS and sales results, leading to a rise in its share price. The company also raised its FY23 adjusted EBITDA guidance.
May 31, 2023 | 3:49 pm
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POSITIVE IMPACT
Chindata Group Holdings' Q1 adjusted EPADS and sales results increased YoY, resulting in a higher share price. The company also raised its FY23 adjusted EBITDA guidance.
Chindata Group Holdings reported a year-over-year increase in Q1 adjusted EPADS and sales results, which is a positive indicator for the company's performance. This has led to a rise in its share price. Additionally, the company raised its FY23 adjusted EBITDA guidance, which shows confidence in its future performance. This news is highly relevant and important for investors in CD, and the positive results are likely to drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100