Investing.com - GDS Holdings reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
GDS Holdings announced earnings per share of -0.24 on revenue of 2.19B. Analysts polled by Investing.com anticipated EPS of -0.3643 on revenue of 2.15B.
GDS Holdings shares are down 10.45% from the beginning of the year and are trading at 42.23 , down-from-52-week-high.They are broadly in line with the Nasdaq which is down 10.22% 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 Broadcom on March 3, who reported EPS of 8.39 on revenue of 7.71B, compared to forecasts EPS of 8.13 on revenue of 7.61B.
Oracle had missed expectations on March 10 with third quarter EPS of 1.13 on revenue of 10.51B, compared to forecast for EPS of 1.18 on revenue of 10.51B.
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