Tuesday’s 10 Worst-Performing Stocks

2. GDS Holdings Ltd. (NASDAQ:GDS)

GDS Holdings extended its losing streak for a fourth straight day on Tuesday, losing 14.34 percent to end at $17.68 apiece as investors continued to sell off positions in Chinese stocks amid the ongoing US-China trade war.

GDS is a leading developer and operator of high-performance data centers in China. In its latest earnings release, GDS reported first-quarter earnings per share of -Y1.89, better than the -Y3.04 as expected by analysts.

The drop showed investors shunning the company’s impressive earnings performance, with the GDS swinging to a net income attributable to shareholders of RMB4.19 billion from a RMB3.16 billion net loss in the fourth quarter of 2024, as revenues grew 9.34 percent to RMB2.69 billion from RMB2.46 billion.

Meanwhile, net income attributable to shareholders for the full year of 2024 stood at RMB3.4 billion, reversing a net loss of RMB4.29 billion year-on-year, as revenues increased 5.3 percent to RMB10.3 billion from RMB9.78 billion.