Why GDS Holdings Stock Plummeted by Almost 14% Today

It was a Hump Day to forget for GDS Holdings (GDS -14.11%), as the Chinese company's latest earnings release was greeted with a significant sell-off. GDS's American depositary shares (ADS) suffered a nearly 14% decline in price as a result, which was in marked contrast to the S&P 500's (^GSPC 1.08%) gain of over 1% on the day.GDS' final 2024 earnings release was publishedThat morning, GDS unveiled its fourth-quarter and full-year 2024 figures. For the former period, revenue rose by 9% year over year to 2.69 ...