SHANGHAI (AP) — SHANGHAI (AP) — GDS Holdings Limited (GDS) on Tuesday reported a loss of $27.4 million in its third quarter.
The Shanghai-based company said it had a loss of 16 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The company posted revenue of $422.6 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $415.4 million.
GDS Holdings expects full-year revenue in the range of $1.58 billion to $1.64 billion.
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