GDS Holdings Limited Reports First Quarter 2019 Results
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GDS Holdings Limited (GDS) Misses Q1 EPS by 3c, Revenues Beat
May 14, 2019 6:32 AM EDTGDS Holdings Limited (NASDAQ: GDS) reported Q1 EPS of ($0.18), $0.03 worse than the analyst estimate of ($0.15). Revenue for the quarter came in at $132.9 million versus the consensus estimate of $130.02 million.
First Quarter 2019 Financial Highlights
Net revenue increased by 58.6% year-over-year (Y-o-Y) to RMB891.8 million (US$132.9 million) in the first quarter of 2019 (1Q2018: RMB562.2 million).Service revenue increased by 61.6% Y-o-Y to RMB890.9 million (US$132.8 million) in the first quarter of 2019 (1Q2018: RMB551.5 million).Net loss was RMB136.6 million (US$20.4 million) in the first quarter of 2019, compared with a net loss of RMB85.9 million in the first... More