UPDATE: Equinix Posts Q4 Loss, Revenue Tops Views

reported a net loss in the fourth quarter. The Redwood City, California-based company posted a quarterly loss of $355.1 million, or $6.42 per share, versus a year-ago profit of $47.1 million, or $0.88 per share. Excluding items, pro forma basic and diluted net income attributed to Equinix came in at $0.56 per share. Its revenue climbed 13% to $638.1 million in the quarter. However, analysts were expecting earnings of $1.03 per share on revenue of $630.11 million. Recurring revenue for the quarter were $605.5 million, while non-recurring revenue came in at $32.6 million. Selling, general and administrative expenses rose 7% from the prior quarter to $194.9 million, while interest expense increased 12% versus the previous quarter to $71.1 million. As of December 31, 2014, Equinix had $1,140.8 million in cash, cash equivalents and investments, versus $1,030.1 million as of December 31, 2013. "In 2014, Equinix leveraged significant market momentum to deliver another year of strong financial results. In the fourth quarter, we delivered record bookings, driven by strong performance across all three regions, new customer wins and continued expansion of our cloud ecosystem," said Steve Smith, president and CEO of Equinix. For the current quarter, Equinix projects revenue of $634 million to $638 million, versus analysts' estimates of $650.2 million. For the full year of 2015, the company expects total revenue to be greater than $2,630.0 million. Equinix shares fell 0.22% to $228.90 in after-hours trading.