Equinix Earnings: Here’s Why the Stock is Up Now

Equinix, Inc. (NASDAQ:EQIX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.95%.

Equinix, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 51.72% to $0.88 in the quarter versus EPS of $0.35 in the year-earlier quarter.

Revenue: Rose 17.43% to $506.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Equinix, Inc. reported adjusted EPS income of $0.88 per share. By that measure, the company beat the mean analyst estimate of $0.62. It beat the average revenue estimate of $504.62 million.

Quoting Management: “2012 was a milestone year for Equinix. We delivered half a billion dollars of revenue in the fourth quarter, underscoring the scale and reach of our business,” said Steve Smith, CEO of Equinix. “With our entry into Mainland China, Jakarta and Dubai as well as our continued investment in existing markets, we now have over 7 million of gross square feet of capacity, making us the largest retail colocation provider in the world. We believe the value of our global interconnection platform and the strength of our business ecosystems puts us in a strong position to deliver exceptional value to our customers.”

Key Stats (on next page)…

Revenue increased 3.64% from $488.73 million in the previous quarter. EPS increased 51.72% from $0.58 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.66 to a profit $0.67. For the current year, the average estimate has moved up from a profit of $2.59 to a profit of $2.6 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)