Equinix (NASDAQ: EQIX) reported Q3 FFO of $6.48, $0.13 better than $6.35 last year. Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.5 billion.

GUIDANCE:

Equinix sees Q4 2020 revenue of $5.98-6 billion, versus the consensus of $5.97 billion.

Revenues

• $5.983 - $6.003 billion, an ~8% increase over the previous year on both an as-reported and a normalized and constant currency basis
• An increase of $39 million compared to prior guidance, including a $25 million foreign currency benefit when compared to the prior guidance FX rates

Adjusted EBITDA

• $2.827 - $2.847 billion, a 47% adjusted EBITDA margin
• An increase of $21 million compared to prior guidance, including an $11 million foreign currency benefit when compared to the prior guidance FX rates
• Assumes $20 million of integration costs

AFFO and AFFO per Share

• $2.157 - $2.177 billion, an increase of 12 - 13% over the previous year, or a normalized and constant currency increase of 16 - 17%
• An increase of $25 million compared to prior guidance, including an $8 million foreign currency benefit
• $24.38 - $24.61 per share, an increase of 7 - 8% over the previous year, or a normalized and constant currency increase of 10 - 11%
• Assumes $20 million of integration costs

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