Investing.com - Equinix (NASDAQ:EQIX) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.69 on revenue of $1.38B. Analysts polled by Investing.com forecast EPS of $1.59 on revenue of $1.39B. That compared to EPS of $0.85 on revenue of $1.26B in the same period a year earlier. The company had reported EPS of $1.44 on revenue of $1.36B in the previous quarter.
For the year, Equinix shares are up 42.42%, outperforming the S&P 500 which is up 20.32% year to date.
Equinix follows other major Technology sector earnings this month
On Thursday, July 18, 2019, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Apple earnings beat analyst's expectations on Tuesday, with third quarter EPS of $2.18 on revenue of $53.81B. Investing.com analysts expected EPS of $2.09 on revenue of $53.3B
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