07:59 AM EDT, 05/22/2024 (MT Newswires) -- GDS Holdings ( GDS ) reported a Q1 loss Wednesday of 1.96 Chinese renminbi ($0.27) per American Depositary Share, narrowing from a loss of 2.67 renminbi a year earlier.

Two analysts polled by Capital IQ expected a loss of 1.87 renminbi.

Revenue for the quarter ended March 31 was 2.63 billion renminbi, up from 2.41 billion renminbi a year earlier.

Analysts surveyed by Capital IQ expected 2.67 billion renminbi.

For the full year 2024, the data center provider reiterated its revenue guidance of 11.34 billion renminbi to 11.76 billion renminbi. Analysts polled by Capital IQ expect 11.32 billion renminbi.

GDS shares were down 1% in recent Wednesday premarket activity.

Price: 9.20, Change: -0.10, Percent Change: -1.08