08:46 AM EDT, 03/26/2024 (MT Newswires) -- GDS Holdings ( GDS ) reported a Q4 loss Tuesday of 2.16 renminbi ($0.30) per diluted share, wider than its loss of 0.13 renminbi a year earlier.

Analysts polled by Capital IQ expected a loss of 3.50 renminbi.

Revenue for the quarter ended Dec. 31 was 2.56 billion renminbi, up from 2.40 billion renminbi a year earlier.

Analysts surveyed by Capital IQ expected 2.58 billion renminbi.

For 2024, the Chinese data center operator expects revenue of 11.34 billion renminbi to 11.76 billion renminbi. Analysts polled by Capital IQ expect a 11.14 billion renminbi.

Shares of the company were down 2% in Tuesday's premarket activity.

Price: 8.18, Change: -0.19, Percent Change: -2.27