Investing.com - GDS Holdings (NASDAQ:GDS) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
GDS Holdings announced earnings per share of -0.21 on revenue of 1.63B. Analysts polled by Investing.com anticipated EPS of -0.3023 on revenue of 1.64B.
GDS Holdings shares are down 0% from the beginning of the year, still down 24.60% from its 52 week high of 116.76 set on February 16. They are outperforming the PSI 20 which is down 2.76% from the start of the year.
GDS Holdings follows other major Technology sector earnings this month
GDS Holdings's report follows an earnings beat by NVIDIA on February 24, who reported EPS of 3.1 on revenue of 5B, compared to forecasts EPS of 2.81 on revenue of 4.82B.
Oracle had beat expectations on Wednesday with third quarter EPS of 1.16 on revenue of 10.09B, compared to forecast for EPS of 1.11 on revenue of 10.05B.
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