Equinix (EQIX) Reports In-Line Q1 EPS

Equinix (NASDAQ: EQIX) reported Q1 EPS of $1.44, in-line with the analyst estimate of $1.44. Revenue for the quarter came in at $1.36 billion versus the consensus estimate of $1.35 billion.

GUIDANCE:

Equinix sees Q2 2019 revenue of $5.545-5.595 billion, versus the consensus of $5.56 billion.

• Adjusted EBITDA
  • $2.640 - $2.680 billion, a 47 - 48% adjusted EBITDA margin, and a normalized and constant currency increase of 9% over the previous year at the mid-point
  • Assumes $13 million of integration costs
• AFFO and AFFO per Share
  • $1.880 - $1.910 billion, a normalized and constant currency increase of 13 - 14% over the previous year
  • $22.37 - 22.73 per share, a normalized and constant currency increase of 8 - 9% over the previous year, including the dilutive per share impact from the $1.2 billion follow-on equity raise in March 2019
  • Assumes $13 million of integration costs

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

You May Also Be Interested In

• JPMorgan raises S&P 500 target to 7,800, says earnings revision ’unprecedented’
• Hertz cuts guidance, announces notes and stock offerings, shares sink
• Crown Crafts (CRWS) Reports Q4 EPS of $0.03