Equinix Revenue Timing Risk; eBay Shares Fall

Equinix trimmed parts of its fiscal 2025 revenue outlook because closing a large campus lease may slip into next year, though adjusted cash-flow metrics slightly topped estimates. The company is expanding capacity with land acquisitions to support more than 900 MW and launched a Distributed AI infrastructure offering, while analysts maintain a generally positive consensus. Equinix’s Irish unit reported Q3 profit down about 12% to €6.95 million despite roughly 15% revenue growth, with margins squeezed by higher costs and commissionaire expenses. eBay beat Q3 revenue ($2.82 billion) and adjusted EPS ($1.36) on strength in categories like trading cards and the rollout of AI-driven seller tools, but operating margin compressed to roughly 20.4% from 23.1% amid heavy strategic investment and higher transaction losses from managed shipping and consumer‑protection programs. The company gave Q4 adjusted EPS guidance of $1.31–$1.36 below consensus and flagged macro headwinds — notably the removal of the de minimis tariff exemption and broader tariff/customs uncertainty — which triggered steep share declines.