GDS - 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.
The tech stock was up by 14.4% as of 3:22 p.m. ET.
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. But investors were more than happy to ignore the company's earnings miss and instead focused their attention on GDS' revenue gains.
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Here's Why GDS Holdings Popped Today