SRVR - What's Going On With Data Center REIT Equinix Stock Today? | Benzinga
Equinix, Inc. (NASDAQ:EQIX) shares are trading higher after the company reported first-quarter FY24 results.
Revenues increased 6% Y/Y to $2.13 billion, missing the consensus of $2.14 billion. Adjusted EBITDA rose to $992 million from $945 million a year ago, with a margin of 47% (flat Y/Y).
Equinix currently has 50 major projects underway across 34 markets in 21 countries. Adjusted FFO per share of $8.86 beat the consensus of $8.64.
Also, in the quarter, Equinix interconnection adds increased to 6,200, supported by healthy gross adds activity and moderation of consolidations into higher bandwidth connections.
Dividend: The Board of Directors declared a quarterly dividend per share of $4.26, payable on June 19 to shareholders of record