It's been a mediocre week for GDS Holdings Limited ( NASDAQ:GDS ) shareholders, with the stock dropping 19% to US$7.74...
GDS Holdings (GDS) delivered earnings and revenue surprises of 18.18% and 0.83%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
SHANGHAI, China, May 22, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS”, “GDSH” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China and South East Asia, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Net revenue increased by 9.1% year-over-year (“Y-o-Y”) to RMB2,627.4 million (US$363.9 million) in the first quarter of 2024