GDS Holdings' Q1 Loss Narrows as Revenue Grows; Shares Surge 15%
MT Newswires Live08-22
GDS Holdings' (HKG:9698) attributable loss narrowed to 225.7 million yuan in the second quarter from 226.6 million yuan in the year-ago period, according to a Wednesday filing with the Hong Kong Stock Exchange.
Loss per share at the cloud service provider remained at 0.16 yuan compared with the previous year. Analysts at Visible Alpha estimated loss per share at 0.22 yuan.
Revenue grew 14% to 2.83 billion yuan from 2.47 billion yuan. Visible Alpha analysts forecast revenue at 2.78 billion yuan.
Shares surged 15% during Thursday's morning trading.
Price (HKD): $14.14, Change: $+1.7, Percent Change: +13.30%
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