Investing.com - GDS Holdings reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
GDS Holdings announced earnings per share of -0.39 on revenue of 2.24B. Analysts polled by Investing.com anticipated EPS of -0.3267 on revenue of 2.23B.
GDS Holdings shares are down 42.41% from the beginning of the year and are trading at 27.16 , down-from-52-week-high.They are under-performing the Nasdaq which is down 27.02% from the start of the year.
GDS Holdings follows other major Information Technology sector earnings this month
GDS Holdings's report follows an earnings beat by Apple on April 28, who reported EPS of 1.52 on revenue of 97.28B, compared to forecasts EPS of 1.42 on revenue of 94.03B.
Microsoft had beat expectations on April 26 with third quarter EPS of 2.22 on revenue of 49.36B, compared to forecast for EPS of 2.19 on revenue of 49.02B.
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