How did GDS's Q3 2023 earnings compare to forecasts?

GDS Holdings Limited reported a net loss of $57.68 million and a diluted EPS of -$0.04 for Q3 2023, which is a significant decline from the same period the previous year. The company's revenue for the quarter was $345.26 million, which is slightly higher than the previous year's revenue of $332.83 million.

1. Net Income Comparison: GDS's net income for Q3 2023 was -$57.68 million, which is a substantial loss. The company's net income for the same period the previous year was -$47.75 million. This indicates a worsening trend in net income over the past year.

2. Revenue Comparison: The company's revenue for Q3 2023 was $345.26 million, which is slightly higher than the previous year's revenue of $332.83 million. This indicates that while the company has not experienced a significant increase in revenue, it has managed to maintain its revenue levels.
3. Diluted EPS Comparison: The diluted EPS for Q3 2023 was -$0.04, which is a significant decline from the previous year's diluted EPS of -$0.03. This suggests that the company's earnings per share have deteriorated over the past year.
4. Forecast Comparison: According to the forecast, the estimated EPS for Q3 2023 was -$0.27, which is closer to the actual diluted EPS of -$0.04. This indicates that the forecast was relatively accurate in capturing the company's earnings performance for the quarter.

In conclusion, GDS's Q3 2023 earnings were in line with forecasts, with the company reporting a net loss and a diluted EPS that was slightly better than the forecast. However, the company's earnings and revenue have declined significantly over the past year, which is a cause for concern for investors.