Equinix Delivers Double-Digit Revenue and AFFO Growth
Equinix (NASDAQ: EQIX) reported second-quarter 2018 results after the market close on Wednesday. Here's how the quarter worked out for the data center operator and global interconnection specialist -- which is organized as a real estate investment trust (REIT) -- and its investors. Equinix's revenue result came in at the midpoint of its guidance range of $1.257 billion to $1.267 billion; the company doesn't provide quarterly AFFO guidance. In early April, the company closed on its previously announced acquisition of the Infomart Building in Dallas, which "is one of the largest interconnection hubs in the U.S.," according to the company's press release issued at that time.