Here's Why GDS Holdings Popped Today
Shares of GDS Holdings (NASDAQ: GDS), a Chinese data center company, skyrocketed today after the company reported its first-quarter results. GDS fell short of analysts' expectations for earnings, but the company's revenue outpaced Wall Street's estimates. GDS reported a diluted earnings loss of $0.50 per share, which was worse than analysts' consensus estimate of a loss of $0.25 per share.