Equinix (EQIX) Misses Q4 EPS, Revs In-Line

Equinix (NASDAQ: EQIX) reported Q4 EPS of $1.46, $0.10 worse than the analyst estimate of $1.56. Revenue for the quarter came in at $1.42 billion versus the consensus estimate of $1.42 billion.

"2019 was a great year for Equinix, delivering $5.6 billion of revenue, ahead of our expectations, as we continue to drive value on both the top-line and at the per-share level. The pace of digital transformation continues to accelerate, creating seismic shifts across industries as businesses embrace interconnection as critical to their infrastructure strategy, and adopt hybrid and multicloud as the clear architecture of choice. In 2020, we will continue our focus on evolving Platform Equinix, adding new capabilities and service offerings to meet the digital transformation needs of our customers, expanding our global reach and scaling our go-to-market engine to execute on the opportunity ahead. We are excited about the year ahead and continuing to build a company that is simultaneously driving great business results and positively impacting our world."

GUIDANCE:

Equinix sees Q1 2020 revenue of $1.45-1.46 billion, versus the consensus of $1.46 billion.

Equinix sees FY2020 revenue of $6-6.05 billion, versus the consensus of $6.04 billion.

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

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