SHANGHAI (AP) — SHANGHAI (AP) — GDS Holdings Limited (GDS) on Wednesday reported a loss of $47.9 million in its first quarter.
On a per-share basis, the Shanghai-based company said it had a loss of 27 cents.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share.
The company posted revenue of $363.9 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $366.9 million.
GDS Holdings expects full-year revenue in the range of $1.58 billion to $1.64 billion.
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