NEW YORK (Thomson Financial) - Equinix Inc. late Wednesday reported a
fourth-quarter net loss of $6.1 million, or 17 cents a share, compared with a
profit of $9.1 million, or 28 cents a share, in the same period last year.
The quarter's loss includes a stock-based compensation expense of $11.7
million.
Fourth-quarter sales increased to $138.7 million from $79.8 million in last
year's comparable period, beating the mean estimate of analysts polled by
Thomson Financial for $136 million.
Analysts' consensus view is for a fourth-quarter loss of 7 cents a share.
In the first quarter, Equinix expects revenue to be between $151 million to
$152 million, compared with analysts' expectations for sales of $143 million.
The provider of network-neutral data centers and Internet exchange services
also said it plans to expand its Hong Kong Internet Business Exchange center by
more than 80% and begin the third expansion of its Singapore IBX center.
Shares of the Foster City, Calif.-based company closed the regular session
at $72.75.
Melinda Peer
mp/gm
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