GDS Narrows Q3 Loss, Revenue Rises

MT Newswires Live11-19

GDS Holdings (GDS) reported a Q3 loss Tuesday of 1.12 Chinese renminbi ($0.15) per American Depositary Share, compared with a loss of 2.37 renminbi a year earlier.

Analysts polled by FactSet expected a loss of $0.19.

Revenue for the quarter ended Sept. 30 was 2.97 billion renminbi, compared with 2.52 billion renminbi a year earlier. Analysts polled by FactSet expected $412.7 million.

The company said it maintained its outlook for 2024 revenue of 11.34 billion renminbi to 11.76 billion renminbi.

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