Equinix Turns To Profit In Q2

(RTTNews) - Equinix Inc. (EQIX) Wednesday reported second-quarter net income attributable to Equinix of $11.3 million or $0.22 per share, compared to net loss of $25.8 million or $0.52 per share in the comparable quarter last year.

On average, 10 analysts polled by Thomson Reuters expected the company to report profit per share of $0.81 for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose 12% to $605.16 million from $528.87 million last year. Analysts estimated revenues of $596.01 million for the quarter.

For the latest second quarter of 2014, the company expects revenues to range between $614.0 million and $618.0 million. Analysts currently see revenues of $606.25 million for the quarter.

For the full year of 2014, the company now expects revenues to be in the range of $2.43 billion to $2.44 billion. Analysts currently see revenues of $2.41 billion for the year.

Earlier, the company expected total revenues to be greater than $2.40 billion.