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By Matt Kibbe
The short-term deal will assure long-term overspending
Independent voices from the The Washington Times Communities
Topic - Equinix Inc.
This past week has been an extremely turbulent one for the stock market — up and down but essentially flat as this is being written. Not only did more than 1,300 companies report their March quarter-end financial results, but we also had another week of (at best) mixed economic data and learned that Britain has fallen into its first double-dip recession since the 1970s.
This week has been one of patience and tension for investors.
Data center service provider Equinix Inc. lowered its third-quarter and full-year revenue forecasts Tuesday, sending its shares tumbling in aftermarket trading.
The debate between corporate earnings growth and the economy raged this past week as companies such as FedEx Corp., Equinix Inc. and E.I. du Pont de Nemours & Co. delivered significant earnings growth year on year and compared with Wall Street's expectations.