GDS Holdings Ltd. (NASDAQ:GDS) shares are trading lower on Wednesday after the company reported first-quarter results and reiterated below-consensus guidance.
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Net revenue rose 23.6% year over year (Y/Y) to 3.37 billion yuan. In U.S. dollar terms, revenue came in at $488.1 million, above expectations of $440.7 million.
Earnings per American depositary share were 10.58 yuan, compared with 3.47 yuan in the year-ago quarter. In U.S. dollar terms, EPS of $1.53, exceeded the $1.06 consensus estimate.
