Equinix (NASDAQ:EQIX) reported third quarter earnings that beat analyst's expectations on Thursday and revenue that was inline with forecasts.
The firm reported earnings per share of $1.55 on revenue of $1.28B. Analysts polled by expected EPS of $0.96 on revenue of $1.28B. That compared to EPS of $0.82 on revenue of $1.15B in the same period a year earlier. The company had reported EPS of $0.85 on revenue of $1.26B in the previous quarter.
For the year, Equinix shares are down 14.68%, under-performing the Nasdaq which is up 7.16% year to date.
Equinix follows other major Technology sector earnings this month
On October 24, Microsoft (NASDAQ:MSFT) reported first quarter EPS of $1.14 on revenue of $29.08B, compared to forecasts of EPS of $0.96 on revenue of $27.88B.
Alphabet C (NASDAQ:GOOG) earnings beat analyst's expectations on October 25, with third quarter EPS of $13.06 on revenue of $33.74B. analysts expected EPS of $10.41 on revenue of $27.32B
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