Shares of Equinix Inc. (NASDAQ: EQIX) are up more than 6% after the data center operator delivered a mixed third-quarter earnings report. The company delivered a strong earnings per share (EPS) beat, with its $3.89 EPS surpassing estimates of $3.41 by 13.4%. Equinix also beat analysts’ expectations for Adjusted Funds from Operations (AFFO) by 18% at $9.83 per share and raised its forecast for full-year growth in AFFO per share to a range between 8% and 10%.
All of that helped to offset some softness on the top line. Revenue of $2.32 billion came in slightly lower than the expected $2.33 billion. The company also lowered its revenue guidance for the fourth quarter and full year.
.png?w=600)
