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Equinix reports Q2 earnings gains YOY

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Equinix reports Q2 earnings gains YOY

Equinix Inc. posted year-over-year gains in second-quarter funds from operations and adjusted funds from operations and offered approximate AFFO guidance for the 2017 full year.

The company reported FFO of $219.8 million, compared to $201.5 million in the 2016 quarter. AFFO totaled $360.1 million, compared to $290.5 million a year ago.

Adjusted EBITDA totaled $509.3 million during the second quarter, compared to $420.3 million in the year-ago quarter.

The company forecast 2017 AFFO will range between $1.38 billion and $1.39 billion, which factors in $52 million of integration costs for acquisitions. Equinix in April had forecast an AFFO total for the year of more than $1.21 billion.