Equinix Slips To Loss In Q2; Cuts FY13 Revenue Outlook

(RTTNews) - Equinix, Inc. (EQIX) reported net loss for the second quarter attributable to the company of $28.7 million, or $0.58 per share, compared to net income of $36.4 million, or $0.73 per share in the year-ago quarter.

Net loss from continuing operations was $28.1 million, or $0.58 per share, compared to income from continuing operations of $37.3 million, or $0.72 per share, in the comparable quarter last year.

Revenues for the first quarter rose 15 percent to $525.67 million from $457.25 million last year.

On average, analysts polled by Thomson Reuters expected the company to earn $0.70 per share on revenue of $533.34 million for the quarter. Analysts' estimates typically exclude special items.

Looking forward, the company forecast revenues of $538.0 million to $542.0 million for the third quarter. Analysts currently expect revenue of $561.48 million in the third quarter.

For full year of 2013, the company expects revenues to range between $2.14 billion to $2.15 billion. Analysts now expect full year 2013 revenues to be in the range of $2.20 billion.

Earlier, the company expected full year 2013 revenue of $2.20 billion.