Investing.com - Equinix (NASDAQ:EQIX) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.36 on revenue of $1.23B. Analysts polled by Investing.com forecast EPS of $1.19 on revenue of $1.31B. That compared to EPS of $0.82 on revenue of $1.2B in the same period a year earlier. The company had reported EPS of $1.55 on revenue of $1.28B in the previous quarter.
Equinix shares lost 0.23% to trade at $391.00 in after-hours trade following the report.
Equinix shares lost 0.23% to trade at $391.00 in after-hours trade following the report.
For the year, Equinix shares are up 11.16%, under-performing the Nasdaq which is up 14.04% year to date.
Equinix follows other major Technology sector earnings this month
On Wednesday, January 30, 2019, Facebook reported fourth quarter EPS of $2.38 on revenue of $16.91B, compared to forecasts of EPS of $2.18 on revenue of $16.39B.
Intel earnings beat analyst's expectations on Thursday, January 24, 2019, with fourth quarter EPS of $1.28 on revenue of $18.66B. Investing.com analysts expected EPS of $1.22 on revenue of $19.01B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar