Equinix (EQIX) Tops Q2 EPS by 50c; offers guidance

Equinix (NASDAQ: EQIX) reported Q2 EPS of $3.16, $0.50 better than the analyst estimate of $2.66. Revenue for the quarter came in at $2.16 billion versus the consensus estimate of $2.16 billion.

GUIDANCE:

Equinix sees FY2024 revenue of $8.692-8.772 billion, versus the consensus of $8.756 billion.

AFFO and AFFO per Share

$3.310 - $3.370 billion, an increase of 10 - 12% over the previous year, or a normalized and constant currency increase of 11 - 13%
An increase of $15 million compared to prior guidance offset by a $5 million negative foreign currency impact compared to prior guidance rates
$34.67 - $35.30 per share, an increase of 8 - 10% over the previous year, or a normalized and constant currency increase of 9 - 11%

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

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