Investing.com - GDS Holdings reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
GDS Holdings announced earnings per share of -0.23 on revenue of 2.06B. Analysts polled by Investing.com anticipated EPS of -0.368 on revenue of 2.06B.
GDS Holdings shares are down 37.08% from the beginning of the year and are trading at 59.06 , down-from-52-week-high.They are under-performing the Nasdaq which is up 23.01% from the start of the year.
GDS Holdings shares gained 0.24% in pre-market trade the report.
GDS Holdings follows other major Information Technology sector earnings this month
GDS Holdings's report follows an earnings beat by Microsoft on October 26, who reported EPS of 2.27 on revenue of 45.32B, compared to forecasts EPS of 2.08 on revenue of 44B.
Apple had matched expectations on October 28 with fourth quarter EPS of 1.24 on revenue of 83.36B, compared to forecast for EPS of 1.24 on revenue of 85.05B.
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