Equinix Reports Higher 4Q Profit, Revenue but Lower FFO -- Earnings Review
February 12 2020 - 4:40PM
Dow Jones News
By Maria Armental
Equinix Inc. reported fourth-quarter and full-year results on
Wednesday. Here's what you need to know:
PROFIT: Net income rose to about $125 million, or $1.46 a share,
from $100 million, or $1.36 cents a share, a year earlier.
FFO: Funds from operations fell to $3.54 a share from $4.12 a
share a year earlier. On an adjusted basis, FFO rose to $5.51 a
share. Analysts surveyed by FactSet expected $4.07 a share, or
$5.35 a share as adjusted.
REVENUE: Revenue rose to $1.42 billion from $1.31 billion a year
earlier. Equinix had projected $1.41 billion to $1.42 billion,
while analysts expected $1.42 billion.
YEAR: Equinix ended the year at a $507.5 million profit on $5.56
billion in revenue, compared with a profit of $365.4 million on
$5.07 billion a year earlier.
OUTLOOK: This year, Equinix expects revenue to range from $6
billion to $6.05 billion, an 8% to 9% increase, compared with
analysts' projected $6.04 billion.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
February 12, 2020 16:25 ET (21:25 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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