Equinix Inc. (EQIX) Wednesday reported a higher profit for the second quarter, driven mainly by a double-digit growth in revenues.
The Redwood City, California-based company's attributable net profit for the second quarter was $36.45 million or $0.73 per share, compared to $30.73 million or $0.64 per share last year. On average, 24 analysts polled by Thomson Reuters expected the company to earn $0.60 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew 18 percent to $466.26 million from $394.90 million in the prior-year quarter. Twenty one analysts had a consensus revenue estimate of $467.12 million for the quarter.
Looking ahead, the company anticipates third quarter revenues to be in the range of $492.0 million to $498.0 million. Analysts currently expect revenues of $485.16 million for the quarter.
The company lifted its full-year 2012 revenue guidance to be greater than $1.92 billion from previous estimate of $1.89 billion. Analysts currently expect revenues of $1.91 billion for the year.
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