GDS Holdings Q3 Earnings Per ADS Of $(0.32) Misses $(0.27) Estimate, Sales $345.26M Miss $345.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
GDS Holdings (NASDAQ:GDS) reported Q3 earnings per ADS of $(0.32), missing the $(0.27) estimate, and sales of $345.26M, slightly below the $345.59M estimate. This represents an 18.52% increase in losses per share and a 3.74% increase in sales compared to the same period last year.
November 22, 2023 | 12:05 pm
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NEGATIVE IMPACT
GDS Holdings reported a larger than expected quarterly loss and a slight miss on sales estimates, indicating potential negative short-term impact on its stock price.
Missing both earnings and sales estimates can lead to negative investor sentiment and a potential decrease in stock price in the short term. The miss on earnings per share by 18.52% is significant, and even a small miss on sales can compound the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100