Investing.com - Equinix (NASDAQ:EQIX) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.62 on revenue of $1.73B. Analysts polled by Investing.com expected EPS of $1.61 on revenue of $1.75B. .
Equinix shares gained 0.62% to trade at $722.34 in after-hours trade following the report.
For the year, Equinix shares are down 15.13%, under-performing the S&P 500 which is down 12.22% year to date.
Equinix follows other major Real Estate sector earnings this month
On Tuesday, April 19, 2022, Prologis reported first quarter EPS of $1.54 on revenue of $1.08B, compared to forecasts of EPS of $0.6806 on revenue of $1.08B.
American Tower earnings beat analyst's expectations on Wednesday, with first quarter EPS of $1.56 on revenue of $2.6B. Investing.com analysts expected EPS of $1.11 on revenue of $2.6B
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