Equinix (EQIX) Tops Q1 AFFO by 51c

Equinix (NASDAQ: EQIX) reported Q1 AFFO of $3.77, $0.51 better than the analyst estimate of $3.26. Revenue for the quarter came in at $643.2 million versus the consensus estimate of $637.5 million.

"Our year is off to a strong start with demand for our global interconnection platform driving strong performance in all three regions resulting in both quarterly revenues and adjusted EBITDA significantly above the top end of our guidance ranges," said Steve Smith, president and CEO of Equinix. "This is our first quarter both operating and reporting as a REIT and we believe the fundamentals of our business are attractive both to our traditional investor base and the REIT investor community, including our global portfolio of assets, the attractive asset growth and our long history of success with our new development."

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

You May Also Be Interested In

• Bristol-Myers Squibb (BMY) stock slips despite earnings beat
• Grainger (GWW) Tops Q1 EPS by 2c, provides guidance
• Altria (MO) delivers in-line earnings, revenue in Q1; shares slightly up