GDS Reports Second Quarter 2019 Results
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GDS Holdings Limited (GDS) Tops Q2 EPS by 11c, Revenues Beat
August 13, 2019 7:20 AM EDTGDS Holdings Limited (NASDAQ: GDS) reported Q2 EPS of ($0.01), $0.11 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $143.5 million versus the consensus estimate of $136.48 million.
Second Quarter 2019 Financial Highlights
Net revenue increased by 54.5% year-over-year (Y-o-Y) to RMB985.2 million (US$143.5 million) in the second quarter of 2019 (2Q2018: RMB637.5 million).Service revenue increased by 57.3% Y-o-Y to RMB985.1 million (US$143.5 million) in the second quarter of 2019 (2Q2018: RMB626.3 million).Net loss was RMB93.2 million (US$13.6 million) in the second quarter of 2019, compared with a net loss of RMB102.1 million in the... More