GDS Holdings Limited Reports Third Quarter 2018 Results
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GDS Holdings Limited (GDS) Reports Q3 Loss of $0.02, Revenues Beat
November 13, 2018 5:44 AM ESTGDS Holdings Limited (NASDAQ: GDS) reported Q3 EPS of ($0.02), versus ($0.12) reported last year. Revenue for the quarter came in at $111.1 million versus the consensus estimate of $102.22 million.
Third Quarter 2018 Financial Highlights
Net revenue increased by 79.7% year-over-year (Y-o-Y) to RMB762.8 million (US$111.1 million) in the third quarter of 2018 (3Q2017: RMB424.4 million).Service revenue increased by 77.9% Y-o-Y to RMB752.6 million (US$109.6 million) in the third quarter of 2018 (3Q2017: RMB423.0 million).Net loss was RMB119.4 million (US$17.4 million) in the third quarter of 2018, compared with a net loss of RMB90.3 million in the third quarter... More