GDS Reports First Quarter 2020 Results
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GDS Holdings Limited (GDS) Tops Q1 EPS by 7c
May 14, 2020 6:17 AM EDTGDS Holdings Limited (NASDAQ: GDS) reported Q1 EPS of ($0.01), $0.07 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $175.2 million versus the consensus estimate of $175.78 million.
First Quarter 2020 Financial Highlights
Net revenue increased by 39.1% year-over-year (Y-o-Y) to RMB1,240.4 million (US$175.2 million) in the first quarter of 2020 (1Q2019: RMB891.8 million).Service revenue increased by 38.3% Y-o-Y to RMB1,232.6 million (US$174.1 million) in the first quarter of 2020 (1Q2019: RMB890.9 million).Net loss was RMB92.0 million (US$13.0 million) in the first quarter of 2020, compared with a net loss of RMB136.6 million in the... More