Equinix Raises FY24 Revenue Outlook From $8.692B - $8.772B To $8.748 - $8.788B (Est $8.746B), Revises AFFO Per Share Outlook From $34.67 - $35.30 To $34.81 - $35.22 (Est $35.11)
Portfolio Pulse from Benzinga Newsdesk
Equinix has raised its FY24 revenue outlook to a range of $8.748B - $8.788B, slightly above the previous estimate. The AFFO per share outlook has been revised to $34.81 - $35.22, aligning closely with the estimated $35.11.
October 30, 2024 | 8:40 pm
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POSITIVE IMPACT
Equinix has increased its FY24 revenue outlook to $8.748B - $8.788B, slightly above the previous estimate, and revised its AFFO per share outlook to $34.81 - $35.22, aligning closely with the estimated $35.11.
The increase in revenue outlook and the alignment of AFFO per share with estimates suggest a positive financial performance, likely boosting investor confidence and potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100