Equinix Inc (NASDAQ:EQIX) stock fell 1.68% (As on February 19, 11:24:42 AM UTC-4, Source: Google Finance) after the company’s earnings came in at $128.76 million compared with $123.27 million, in last year’s fourth quarter.

EQIX in the fourth quarter of FY 22 has reported the adjusted earnings per share of $1.39, missing the analysts’ estimates for the adjusted earnings per share of $1.74, according to figures compiled by Thomson Reuters. The company had reported the adjusted revenue growth of 9.4 percent to $1.87 billion in the fourth quarter of FY 22.

For the first quarter of 2023, Equinix expects revenues to range between $1.965 and $1.995 billion, an increase of 5 – 7% over the previous quarter, or a normalized and constant currency increase of 5 – 6%. This guidance includes power price increases in EMEA, and a negative foreign currency impact of $24 million when compared to the average FX rates in Q4 2022. Adjusted EBITDA is expected to range between $891 and $921 million, which includes a negative foreign currency impact of $9 million when compared to the average FX rates in Q4 2022, a step-down in repairs & maintenance costs incurred in the quarter, although offset in part by increased seasonal salary and benefit costs of $17 million attributed to the FICA reset. Adjusted EBITDA includes $6 million of integration costs related to acquisitions. Recurring capital expenditures are expected to range between $18 and $28 million.

For the full year of 2023, total revenues are expected to range between $8.145 and $8.245 billion, a 12 – 14% increase over the previous year on an as-reported basis, or a 14 – 15% increase on a normalized and constant currency basis. Adjusted EBITDA is expected to range between $3.615 and $3.695 billion, an adjusted EBITDA margin of 45%. This adjusted EBITDA includes approximately 290 basis points of cumulative negative margin impact due to inflated power rates across EMEA and APAC markets and a foreign currency benefit of $123 million when compared to the prior Equinix guidance FX rates. AFFO is expected to range between $2.883 and $2.963 billion, a 6 – 9% increase over the previous year on an as-reported basis, or a 9 – 12% increase on a normalized and constant currency basis. Non-recurring capital expenditures, including xScale -related costs, are expected to range between $2.511 and $2.741 billion, and recurring capital expenditures are expected to range between $197 and $217 million.