Why GDS Holdings Stock Soared 17% Higher on Wednesday

The company notched a double beat with its latest set of quarterly figures.GDS Holdings (GDS 17.14%) notched a convincing pair of beats in its latest quarterly-earnings report, and investors were all too happy to reward the company for this feat. They bid the price of its American depositary shares (ADSs) up sharply after news of the results made headlines on Wednesday, to the point where they closed the day more than 17% higher in price. That compared very well to the 0.4% uptick of the S&P 500 index on Hu ...