GDS Holdings Limited Reports First Quarter 2021 Results
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GDS Holdings Limited (GDS) Misses Q1 EPS by 16c, Revenues Miss
May 19, 2021 4:46 PM EDTGDS Holdings Limited (NASDAQ: GDS) reported Q1 EPS of ($0.25), $0.16 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $260.4 million versus the consensus estimate of $266.99 million.
First Quarter 2021 Financial Highlights
Net revenue increased by 37.5% year-over-year (Y-o-Y) to RMB1,706.0 million (US$260.4 million) in the first quarter of 2021 (1Q2020: RMB1,240.4 million).Service revenue increased by 38.3% Y-o-Y to RMB1,704.5 million (US$260.2 million) in the first quarter of 2021 (1Q2020:... More