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The drop in stock value followed a downward guidance adjustment for the same periods by Equinix, one of the industry's biggest players. Many of the companies' stocks had stopped the downward trend and were up at the markets' close Thursday.
DuPont Fabros reaffirmed the guidance it provided in early August, expecting $0.15-$0.18 earnings per share for the third quarter and $0.49-$0.57 earnings per share for the full 2010. The company expects full-year 2010 revenue to be between $245m and $260m.
DuPont Fabros' Wednesday stock offering was managed by Barclays Capital, Raymond James, RBC Capital Markets, Macquarie Capital and Jefferies &Company, Stifel Nicolaus Weisel, KeyBanc Capital Markets, Oppenheimer &Co. and Baird and TD Securities.
The company plans to use proceeds from the offering and a portion of cash on hand to pay off its entire term loan for development of ACC4, a 348,000-sq-ft data center in northern Virginia.
The drop in stock value followed a downward guidance adjustment for the same periods by Equinix, one of the industry's biggest players. Many of the companies' stocks had stopped the downward trend and were up at the markets' close Thursday.
DuPont Fabros reaffirmed the guidance it provided in early August, expecting $0.15-$0.18 earnings per share for the third quarter and $0.49-$0.57 earnings per share for the full 2010. The company expects full-year 2010 revenue to be between $245m and $260m.
DuPont Fabros' Wednesday stock offering was managed by Barclays Capital, Raymond James, RBC Capital Markets, Macquarie Capital and Jefferies &Company, Stifel Nicolaus Weisel, KeyBanc Capital Markets, Oppenheimer &Co. and Baird and TD Securities.
The company plans to use proceeds from the offering and a portion of cash on hand to pay off its entire term loan for development of ACC4, a 348,000-sq-ft data center in northern Virginia.