Shares of Equinix Inc (NASDAQ:EQIX) plunged over 5% in extended trade on Wednesday after it announced net income for the Q4 of $35.8M, in contrast to $34.5M in the year-ago quarter. On a per share basis, profit remained smooth at $0.71 for both the similar quarters.
The EPS from ongoing operations for the present quarter were $108.5M, in contrast to $100.7M in the previous year quarter.
The newest quarter results comprise impairment charges of $9.9M and purchases expenses of $1.9B. The revenues for the Q1 increased 17% to $519.45M from $443.24M previous year.
Analysts consensus by Thomson Reuters forecasted the firm to generated $0.78 a share on revenue of $521.85M for the quarter. Analysts’ predicts typically exclude special items.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Vocus, Inc. (NASDAQ:VOCS) lost -37.13%, SINA Corp (NASDAQ:SINA) edged up +1.67%, Angie’s List Inc (NASDAQ:ANGI) which also decreased -1.57% and Ixia (NASDAQ:XXIA) closed down -5.46%.
Equinix Inc (NASDAQ:EQIX) stock’s trade at beginning with a price of $218.73 and throughout the trading session climbed at a high of $220.00 other than when day-trade ended the stock finally declined -1.38% to $216.38.
The stock is going forward its 52 week low with +47.72% and lagging behind from its 52 week high price with -6.43%. EQIX last month stock price volatility remained 2.65%.
EQIX stock insider ownership included 0.73%. In its share capital EQIX has 48.80 million outstanding shares among them 48.35 million shares have been floated in market exchange.
Company’s beta coefficient included 1.30. Beta factors measures the amount of market risk associated with market trade.
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