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via finance.yahoo.comBusiness & Companies

Equinix: Q3 funds from operations beat analyst expectations

FROM THE WIRE · FINANCE.YAHOO.COM

REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Equinix Inc. (EQIX) on Wednesday reported a key measure of profitability in its third quarter. The results exceeded Wall Street expectations. The real estate investment trust, based in Redwood City, California, said it had…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe FFO beat versus estimates, a key REIT metric, can support the shares of a major data center operator.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Funds from operations were US$1.16 billion, or US$11.64 per share, versus an estimate of US$10.51.
  2. 02Net income was US$489 million, or US$4.93 per share.
  3. 03Revenue reached US$2.57 billion, matching Street forecasts.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Equinix, Inc.EQIXStock1,007.66 USDMarket closedtoday +0.83%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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