Investing.com - Equinix (NASDAQ:EQIX) reported third quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.41 on revenue of $1.4B. Analysts polled by Investing.com expected EPS of $1.65 on revenue of $1.41B. That compared to EPS of $1.55 on revenue of $1.28B in the same period a year earlier. The company had reported EPS of $1.69 on revenue of $1.38B in the previous quarter.
For the year, Equinix shares are up 62%, outperforming the Nasdaq which is up 27.62% year to date.
Equinix follows other major Technology sector earnings this month
On Wednesday, Apple reported fourth quarter EPS of $3.03 on revenue of $64.04B, compared to forecasts of EPS of $2.83 on revenue of $62.94B.
Alphabet C earnings missed analyst's expectations on Monday, with third quarter EPS of $10.12 on revenue of $40.5B. Investing.com analysts expected EPS of $12.28 on revenue of $40.3B
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