GDS Holdings Q2 Earnings Per ADS $(0.18) Beats $(0.26) Estimate, Sales $388.92M Miss $389.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
GDS Holdings reported a Q2 loss of $(0.18) per share, beating the expected $(0.26) loss. However, sales of $388.92M slightly missed the $389.37M estimate. Sales increased by 14.08% compared to the same period last year.
August 21, 2024 | 11:07 am
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GDS Holdings reported a Q2 loss of $(0.18) per share, beating the expected $(0.26) loss. Sales of $388.92M slightly missed the $389.37M estimate, but increased 14.08% YoY.
The earnings per share beat expectations significantly, which is a positive indicator for investors. Although sales slightly missed estimates, the year-over-year growth of 14.08% is a strong positive signal. Overall, the earnings report is likely to have a positive short-term impact on GDS's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100