Investing.com - GDS Holdings reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
GDS Holdings announced earnings per share of -0.1 on revenue of 1.34B. Analysts polled by Investing.com anticipated EPS of -0.3284 on revenue of 1.87B.
GDS Holdings shares are down 43.43% from the beginning of the year and are trading at 52.97 , down-from-52-week-high.They are under-performing the Nasdaq which is up 13.83% from the start of the year.
GDS Holdings shares lost 5.22% in intra-day trade following the report.
GDS Holdings follows other major Technology sector earnings this month
GDS Holdings's report follows an earnings beat by Apple on Tuesday, July 27, 2021, who reported EPS of 1.3 on revenue of 81.43B, compared to forecasts EPS of 1.01 on revenue of 73.33B.
Alphabet C had beat expectations on Tuesday, July 27, 2021 with second quarter EPS of 27.26 on revenue of 61.88B, compared to forecast for EPS of 19.33 on revenue of 56.19B.
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