- Equinix (NASDAQ:EQIX) is flat in after-hours trading following a mixed quarter where revenues came in ahead of expectations, but earnings and funds from operations fell short.
- Adjusted FFO came to $2.98 vs. consensus for $3.32, and the company lost $0.46/share on a GAAP basis.
- Revenues grew 16% sequentially to $844.2M, which included a contribution of $34.2M from its acquisition of Bit-isle and $84.4M in revenues from TelecityGroup.
- EBITDA of $380.7M (45% EBITDA margin) beat an expected $374M.
- Including results for Telecity and Bit-isle, the firm is forecasting Q2 revenues of $893M-$899M (above a consensus for $881.5M) and EBITDA of $403M-$409M (vs. expected $402M). Capex should range from $322M to $342M.
- For full 2016, revenues should exceed $3.595B (vs. consensus of $3.57B) and EBITDA of at least $1.65B (vs. consensus $1.64B).
- Conference call link
- Press Release