Equinix (EQIX) Misses Q1 FFO by 15c

Equinix (NASDAQ: EQIX) reported Q1 FFO of $3.08, $0.15 worse than the analyst estimate of $3.23. Revenue for the quarter came in at $844.2 million versus the consensus estimate of $835.18 million.

2016 Annual Guidance Summary

• Revenues from continuing operations
  • >$3,595.0 million, a 32% increase over the previous year; an organic and constant currency growth rate of greater than 13.4%
  • Assumes $565.0 million in revenues from Telecity and Bit-isle
• Adjusted EBITDA
  • > $1,650.0 million or a 45.9% adjusted EBITDA margin
  • Assumes 100 basis point YoY improvement in adjusted EBITDA for the Equinix organic business
  • Assumes $255.0 million of adjusted EBITDA from Telecity and Bit-isle
  • Assumes $55.0 million of integration costs for acquisitions
• AFFO
  • > $1,015.0 million, a 22% increase over the previous year
  • Assumes a $63.5 million foreign currency loss related to the Telecity acquisition
  • Assumes $55.0 million of integration costs for acquisitions

For earnings history and earnings-related data on Equinix (EQIX) click here.

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