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Iron Mountain Q3 Profit Rises; Revises FY09 Revenue Guidance - Quick Facts 2

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Thursday, Iron Mountain Inc. (IRM) reported third-quarter net income attributable to Iron Mountain of $43.2 million or $0.21 per share, compared to $11.3 million or $0.06 per share in the same quarter last year.

Excluding items, the company reported net income of $0.24 per share for the quarter.

On average, eight analysts polled by Thomson Reuters expected the company to earn $0.24 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter declined 2% to $764.9 million from $784.3 million in the comparable quarter last year. Analysts expected the company to report revenue of $774.28 million for the quarter.

Looking ahead to the fourth quarter, the company expects to report revenue in the range of $766 million - $786 million. Analysts currently anticipate the company to report revenue of $766.86 million for the quarter.

For the full year 2009, the company revised its revenue guidance to a range of $3.00 billion - $3,02 billion, from the previous range of of $2.98 billion - $3.04 billion. Analysts currently anticipate the company to report revenue of $3.01 billion for the full year.

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