Equinix Q4 FFO $7.30 Up From $7.09 YoY, Sales $2.11B Beat $2.11B Estimate
Portfolio Pulse from Happy Mohamed
Equinix (NASDAQ:EQIX) reported a Q4 FFO of $7.30 per share, up from $7.09 YoY, with sales of $2.11B, slightly beating the $2.11B estimate. This represents a 12.80% increase in sales compared to the same period last year.
February 14, 2024 | 9:07 pm
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Equinix reported a Q4 FFO of $7.30 per share, up from $7.09 YoY, and sales of $2.11B, slightly beating the $2.11B estimate, indicating a 12.80% increase in sales YoY.
The positive earnings report from Equinix, showing both an increase in FFO per share and a slight beat on sales estimates, is likely to instill investor confidence and could lead to a short-term positive impact on EQIX's stock price. The year-over-year growth in sales further emphasizes the company's strong performance and potential for continued growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100