Investing.com - GDS Holdings (NASDAQ:GDS) 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, still down 61.73% from its 52 week high of 66.50 set on September 7, 2021. 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 following the report.
GDS Holdings follows other major Information Technology sector earnings this month
GDS Holdings's report follows an earnings beat by Apple on July 28, 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 July 26 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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