Equinix shares are trading higher after the company reproted a year-over-year increase in Q3 AFFO per share and better-than-expected Q3 sales results. The company also increased its quarterly cash dividend.
Portfolio Pulse from Benzinga Newsdesk
Equinix reported a year-over-year increase in Q3 AFFO per share and better-than-expected Q3 sales results. The company also increased its quarterly cash dividend, leading to a rise in its share price.
October 26, 2023 | 2:50 pm
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Equinix's better-than-expected Q3 results and increased dividend have led to a rise in its share price.
Equinix's Q3 results exceeded expectations, with an increase in AFFO per share and sales. Additionally, the company raised its quarterly cash dividend. These positive financial results are likely to increase investor confidence, leading to a rise in the company's share price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100