Equinix (EQIX) Reports In-Line Q2 EPS

Equinix (NASDAQ: EQIX) reported Q2 EPS of $0.56, in-line with the analyst estimate of $0.56. Revenue for the quarter came in at $900.5 million versus the consensus estimate of $893.38 million.

2016 Annual Guidance Summary

• Revenues from continuing operations
  • $3,598.0 million - $3,608.0 million, a 32% increase over the previous year; an organic and constant currency growth rate of 13.8%
  • Assumes $550.0 million - $560.0 million in revenues from Telecity and Bit-isle
• Adjusted EBITDA
  • $1,658.0 million - $1,668.0 million or a 46.2% adjusted EBITDA margin
  • Assumes 120 basis point YoY improvement in adjusted EBITDA for the Equinix organic business
  • Assumes $250.0 million - $260.0 million of adjusted EBITDA from Telecity and Bit-isle
  • Assumes approximately $55.0 million of integration costs for acquisitions
• AFFO
  • $1,040.0 million - $1,050 million, a 26% increase over the previous year
  • Includes the Q1 $63.5 million foreign currency loss related to the Telecity acquisition
  • Assumes approximately $55.0 million of integration costs for acquisitions

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

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