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published in Blogs
Nov 03, 2022
Equinix (EQIX, $584.75) Q3 AFFO tops expectations

Equinix (EQIX, $584.75) Q3 AFFO tops expectations

Equinix Inc.’s third-quarter  adjusted funds from operations (AFFO) per share grew +11.4% year-over-year to $7.73, exceeding the Zacks Consensus Estimate of $7.19.

Revenues climbed +9.9% to $1.84 billion for the quarter , beating the Zacks Consensus Estimate of $1.83 billion.

For the full-year, the company boosted its revenue outlook by $15 million compared to prior guidance to a range of $7.240 billion- $7.260 billion. The increase results from better-than-expected business performance.

The company now expects adjusted EBITDA in the range of $3.352 billion - $3.372 billion, an increase of $46B compared to the prior forecast.

For the fourth quarter, the company expects projects revenue in the range of $1.848 billion to $1.868 billion, compared to consensus of $1.87 billion. Its guidance for adjusted EBITDA is between $821 million and $841 million.

Related Tickers: EQIX