Equinix's (EQIX) Q1 AFFO Beat on Solid Demand, Revenues Rise

Equinix Inc.’s (EQIX) first-quarter 2024 adjusted funds from operations (AFFO) per share of $8.86 surpassed the Zacks Consensus Estimate of $8.58. The figure improved nearly 3.1% from the prior-year quarter.Shares of Equinix gained 10.62% in the after-hours trading session on May 8 at the NYSE. The increase was due to steady growth in colocation and inter-connection revenues on the back of strong demand for digital infrastructure. During the quarter, Equinix’s total interconnections reached 468,400, rising ...