GDS Holdings Limited (GDS) Tops Q3 EPS by 11c, Beats on Revenues

GDS Holdings Limited (NASDAQ: GDS) reported Q3 EPS of ($0.02), $0.11 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $63.8 million versus the consensus estimate of $58.74 million.

Third Quarter 2017 Financial Highlights

• Net revenue increased by 42.8% year-over-year (“Y-o-Y”) to RMB424.4 million (US$63.8 million) in the third quarter of 2017 (3Q2016: RMB297.2 million).
• Service revenue increased by 58.5% Y-o-Y to RMB423.0 million (US$63.6 million) in the third quarter of 2017 (3Q2016: RMB266.9 million).
• Net loss was RMB90.3 million (US$13.6 million) in the third quarter of 2017, compared with a net loss of RMB52.6 million in the third quarter of 2016.
• Adjusted EBITDA (non-GAAP) increased by 71.4% Y-o-Y to RMB133.7 million (US$20.1 million) in the third quarter of 2017 (3Q2016: RMB78.0 million). See “Non-GAAP Disclosure” and “Reconciliations of GAAP and non-GAAP results” elsewhere in this earnings release.
• Adjusted EBITDA margin (non-GAAP) increased to 31.5% in the third quarter of 2017 (3Q2016: 26.2%).

For earnings history and earnings-related data on GDS Holdings Limited (GDS) click here.

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