GDS Holdings Reports Q2 Earnings Per ADS Of $(0.18), Sales $388.92M
Portfolio Pulse from Benzinga Newsdesk
GDS Holdings reported Q2 earnings per ADS of $(0.18) and sales of $388.92 million, missing the analyst consensus estimate by 86.06%. Despite this, sales increased by 14.08% compared to the same period last year.
August 21, 2024 | 11:04 am
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NEGATIVE IMPACT
GDS Holdings reported Q2 earnings per ADS of $(0.18) and sales of $388.92 million, significantly missing analyst expectations by 86.06%. However, sales increased by 14.08% year-over-year.
The significant miss on sales estimates by 86.06% is likely to negatively impact the stock price in the short term. However, the year-over-year sales increase of 14.08% may provide some support. Overall, the negative surprise is expected to weigh more heavily on investor sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100