With it’s REIT conversion still a long road ahead, Equinix (NASDAQ:EQIX, news, filings) posted its usual solid quarterly report today. The fourth quarter posed them no new problems, as they outperformed guidance and analyst estimates on all fronts after divesting their non-core markets to 365Main last quarter. Here’s a quick table of their results and forward guidance in context:
|$ in millionsfor continuing operations||Q2/12||Q3/12||Q4/12||Q1/12
|Earnings Per Share||0.73||0.58||0.68|
Revenues were slightly higher than expected in Q4, while Q1 guidance was a hair off in the other direction. But EBITDA was well above guidance, and earnings per share from continuing operations beat by $0.06. Full year guidance for 2013 was reiterated.
Equinix didn’t announce any new expansion plans, but I’m sure a few will come up as the year goes on. They spent a fair amount of effort expanding its Asian presence in 2012, while pruning its footprint in the US a bit to focus on the larger markets. That seems like a trend with a few years of momentum left yet.
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