Equinix (EQIX) Reports Q1 FFO of $6.98

Equinix (NASDAQ: EQIX) reported Q1 EPS of $6.98, versus $5.76 reported last year. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.6 billion.

Business Outlook:

Equinix widened its quarterly revenue guidance range to take into account certain large, anticipated non-recurring revenues. For the second quarter of 2021, the Company expects revenues to range between $1.630 and $1.660 billion, an increase of 2 - 4% quarter-over-quarter, or a normalized and constant currency increase of approximately 3 - 5%. This guidance includes a $15 million negative foreign currency impact when compared to the average foreign currency ("FX") rates in Q1 2021. Adjusted EBITDA is expected to range between $769 and $789 million. Adjusted EBITDA includes an $8 million negative foreign currency impact when compared to the average FX rates in Q1 2021 and $9 million of integration costs from acquisitions. Recurring capital expenditures are expected to range between $40 and $50 million.

For earnings history and earnings-related data on Equinix (EQIX) click here.

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