Equinix: Q4 Earnings Snapshot

REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Equinix Inc. (EQIX) on Wednesday reported a key measure of profitability in its fourth quarter. The results beat Wall Street expectations.

The Redwood City, California-based real estate investment trust said it had funds from operations of $690.8 million, or $7.30 per share, in the period.

The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of $7.25 per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $227.6 million, or $2.40 per share.

The data center operator, based in Redwood City, California, posted revenue of $2.11 billion in the period, which met Street forecasts.

For the year, the company reported funds from operations of $3.02 billion. Revenue was reported as $8.19 billion.

For the current quarter ending in March, Equinix said it expects revenue in the range of $2.13 billion to $2.15 billion.

The company expects full-year funds from operations in the range of $34.58 to $35.31 per share, with revenue ranging from $8.79 billion to $8.89 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EQIX at https://www.zacks.com/ap/EQIX