05:35 PM EDT, 05/08/2024 (MT Newswires) -- Equinix ( EQIX ) reported Q1 adjusted funds from operations late Wednesday of $8.86 per diluted share, up from $8.59 a year earlier.

Analysts surveyed by Capital IQ expected $8.59.

Revenue for the quarter ended March 31 was $2.13 billion, up from nearly $2 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.14 billion.

The company expects Q2 revenue of $2.15 billion to $2.17 billion. Analysts surveyed by Capital IQ expect $2.18 billion.

Equinix ( EQIX ) expects full-year 2024 adjusted FFO of $34.45 to $35.29 per share, compared with its previous guidance of $34.58 to $35.31. Analysts surveyed by Capital IQ expect $34.94. The company expects revenue for the year of $8.69 billion to $8.79 billion, compared with its previous guidance of $8.79 billion to $8.89 billion. Analysts surveyed by Capital IQ expect $8.86 billion.

The board maintained a quarterly dividend of $4.26 per share, payable June 19 to shareholders of record on May 22.

Shares of the company jumped 12% in after-hours trading.

Price: 776.50, Change: +83.79, Percent Change: +12.10