GDS Swings to Q3 Income, Revenue Rises; Annual Sales Outlook Maintained
MT Newswires Live
Nov 19
GDS Holdings (GDS) reported Q3 income Wednesday of 3.21 Chinese renminbi ($0.45) per diluted American depositary share, swinging from a loss of 1.12 renminbi a year earlier.
Net revenue for the quarter ended Sept. 30 was 2.89 billion renminbi, compared with 2.62 billion renminbi a year earlier.
Analysts surveyed by FactSet expected 2.89 billion renminbi.
The company reiterated its 2025 revenue outlook of between 11.29 billion renminbi and 11.59 billion renminbi. Analysts polled by FactSet expect 11.48 billion renminbi.
GDS shares were up 1% in recent premarket activity.
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