SHANGHAI (AP) — SHANGHAI (AP) — GDS Holdings Limited (GDS) on Wednesday reported a loss of $26.2 million in its fourth quarter.
On a per-share basis, the Shanghai-based company said it had a loss of 16 cents.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.
The company posted revenue of $348.6 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $336.2 million.
For the year, the company reported that its loss widened to $211.5 million, or $1.20 per share. Revenue was reported as $1.35 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GDS at https://www.zacks.com/ap/GDS
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