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Wednesday, Jul 24
Equinix (EQIX) guides for Q3 revenue of $538M-$542M, below a $561.5M consensus. 2013 guidance is...
Equinix (EQIX) guides for Q3 revenue of $538M-$542M, below a $561.5M consensus. 2013 guidance is for revenue of $2.135B-$2.145B, below a $2.2B consensus. The company says it's extending the period of time over which it recognizes non-recurring installation fees, something that impacted Q2 revenue by $5.8M and 2013 guidance by $16M. But that doesn't fully explain the shortfalls. Are Amazon and other cloud infrastructure providers taking a toll? Shares -8.7% AH, CC at 5:30PM ET (webcast). (PR) (Q2 results)