Equinix shares fall on soft third-quarter forecast

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Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST July 29 : Equinix shares fell 3 per cent on Wednesday as soft third-quarter forecast overshadowed a raised full-year and long-term outlook.

Here are some details:• For the third quarter, Equinix expects revenue of $2.53 billion to $2.58 billion, the midpoint of which is below analysts' estimate of $2.

58 billion.• Equinix raised its forecast for 2026 revenue to a range of $10.21 to $10.

29 billion, from $10.14 billion to $10.24 billion.

CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less • Equinix, which operates 281 data centres across the world, also raised its full-year adjusted funds from operations forecast to $42.69 to $43.29 per share from $42.

31 to $43.11 per share.• The specialised data centre operator now expects annual revenue growth of 10 per cent to 13 per cent through 2029, up from a prior range of 7 per cent to 10 per cent, and AFFO per share growth of 9 per cent to 12 per cent annually versus 5 per cent to 9 per cent earlier.

• Equinix, whose customers include Nvidia, Netflix, and Adobe, reported second-quarter revenue of $2.63 billion, above analysts' estimate of $2.58 billion.

• The company said customer demand remains broad-based and growing, and that it is well positioned to meet the networking, cloud and AI infrastructure needs of enterprises globally.• Equinix provides organizations with secure, power-efficient space to house their IT equipment along with connectivity solutions. Source: Reuters Newsletter Week in Review Subscribe to our Chief Editor’s Week in Review Our chief editor shares analysis and picks of the week's biggest news every Saturday.

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