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 $1.71B. Analysts polled by Investing.com anticipated EPS of $-0.2333 on revenue of $1.73B.
GDS Holdings shares are down 15.34% from the beginning of the year, still down 32.10% from its 52 week high of $116.76 set on February 16. They are under-performing the Nasdaq which is up 3.19% 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 Apple on April 28, who reported EPS of $1.4 on revenue of $89.58B, compared to forecasts EPS of $0.9864 on revenue of $77.09B.
Microsoft had beat expectations on April 27 with third quarter EPS of $1.95 on revenue of $41.71B, compared to forecast for EPS of $1.78 on revenue of $41.04B.
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