Investing.com - GDS Holdings reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
GDS Holdings announced earnings per share of -0.27 on revenue of 2.31B. Analysts polled by Investing.com anticipated EPS of -0.3681 on revenue of 2.28B.
GDS Holdings shares are down 46.03% from the beginning of the year and are trading at 25.45 , down-from-52-week-high.They are under-performing the Nasdaq which is down 20.61% from the start of the year.
GDS Holdings shares lost 2.02% in intra-day trade after the report.
GDS Holdings follows other major Information Technology sector earnings this month
GDS Holdings's report follows an earnings beat by Apple on Thursday, July 28, 2022, who reported EPS of 1.2 on revenue of 82.96B, compared to forecasts EPS of 1.16 on revenue of 82.79B.
Microsoft had missed expectations on Tuesday, July 26, 2022 with fourth quarter EPS of 2.23 on revenue of 51.87B, compared to forecast for EPS of 2.29 on revenue of 52.38B.
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