GDS Holdings Ltd reported Q1 fiscal 2024 net revenue increase of 9.1%, missing consensus. Loss per ADS of $0.27 beat consensus. Adjusted EBITDA rose 4.7%.
U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining over 80 points on Tuesday.
The Dow traded up 0.21% to 39,397.20 while the NASDAQ rose 0.23% to 16,421.62. The S&P 500 also rose, gaining, 0.17% to 5,227.03.
Shares of Westport Fuel Systems Inc. (NASDAQ: WPRT) fell sharply during Tuesday’s session after posting a wider-than-expected fourth-quarter loss.
Westport Fuel Systems posted a quarter loss of 81 cents per share, compared to market expectations for a loss of 51 cents per share.
Shares of 3M Company (NYSE: MMM) fell sharply during Tuesday’s session after the company reported better-than-expected fourth-quarter EPS, but issued FY24 EPS guidance below estimates.