Equinix misses by $0.24, reports revs in-line (97.44 +0.67)
Reports Q3 (Sep) earnings of $0.20 per share, $0.24 worse than the Capital IQ Consensus Estimate of $0.44; revenues rose 26.4% year/year to $417.6 mln vs the $416.3 mln consensus. Co expects 2011 revenue to be greater than $1.6 bln vs $1.604 bln consensus. Adjusted EBITDA for the year is expected to be greater than $730.0 mln. Capital expenditures for 2011 are expected to be in the range of $645-$665 mln, comprised of approximately $115 mln of ongoing capital expenditures and $530-$550 mln for expansion capital expenditures. For FY12, co expects revenue to be greater than $1.87 bln vs. $1.877 bln consensus and adjusted EBITDA to be greater than $850 mln.
