InterXion Holding NV Earnings: Here’s Why Investors are Buying Shares Now
InterXion Holding NV (NYSE:INXN) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 4.56%.
InterXion Holding NV Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 50% to $0.08 in the quarter versus EPS of $0.16 in the year-earlier quarter.
Revenue: Rose 0.86% to $72.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: InterXion Holding NV reported adjusted EPS income of $0.08 per share. By that measure, the company missed the mean analyst estimate of $0.14. It missed the average revenue estimate of $72.93 million.
Quoting Management: Interxion Chief Executive Officer, David Ruberg, stated: “Interxion continued to execute in 2012, delivering strong financial results, despite a difficult macro environment. We added record amounts of equipped space and revenue generating square metres, while increasing our utilisation rate. Both revenue and adjusted EBITDA exhibited double digit growth, while positioning ourselves for continued growth into the future.”
Key Stats (on next page)…