GDS Holdings Q2 Earnings Per ADS $(0.18) Beats $(0.26) Estimate, Sales $340.90M Beat $337.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
GDS Holdings reported Q2 earnings per ADS of $(0.18), beating the analyst consensus estimate of $(0.26) by 30.77%. This is a 43.75% increase over losses from the same period last year. The company also reported quarterly sales of $340.90 million, beating the analyst consensus estimate of $337.64 million by 0.97%. However, this is a 1.17% decrease over sales from the same period last year.
August 22, 2023 | 11:02 am
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GDS Holdings reported better than expected Q2 earnings and sales. However, the sales decreased by 1.17% compared to the same period last year.
GDS Holdings reported better than expected earnings and sales for Q2, which is generally a positive signal for the stock. However, the year-over-year decrease in sales might temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100