Equinix Gains 1.32% Ahead of October Earnings Report
The data center operator beat major indexes in Friday’s session as investors look toward its October 28 earnings release.
Equinix shares closed at $1,025.72, up 1.32% in the latest session. The gain topped the S&P 500’s 0.73% rise, the Dow’s 0.49% advance and the Nasdaq’s 1.19% increase.
The stock is down 2.74% over the past month, compared with a 4.15% decline for the Finance sector. The S&P 500 gained 0.55% over the same period, according to the source article.
Equinix is scheduled to report earnings on October 28. Zacks’ consensus estimate calls for quarterly earnings of $10.51 per share and revenue of $2.57 billion. Those figures would represent year-over-year increases of 6.92% and 10.95%, respectively.
For the full year, Zacks estimates earnings of $43.45 per share and revenue of $10.27 billion, up 13.36% and 11.46% from the previous year. The consensus estimate for earnings per share has not changed over the past month, the article said.
This article was produced with the help of AI technology. Source: Yahoo Finance
