Shares of Equinix, Inc. (EQIX) are moving up about 11 percent during Thursday morning trading. The stock movement might be influenced by the company's fourth-quarter reports released on Wednesday, which saw an increase in funds from operations to $625 million from last year's $302 million.
The company's stock is currently trading at $964.57, up 11.18 percent or $97.87, over the previous close of $867.52 on the Nasdaq. It has traded between $701.41 and $992.90 in the past one year.
Revenues for the quarter were $2.420 billion, compared to $2.261 billion in the prior year. However, the company's net income declined to $265 million or $2.69 per share, from $374 million or $3.81 per share last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.