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Iron Mountain Q1 Adjusted Earnings Beat Estimates

Iron Mountain Inc (IRM) reported a profit for first quarter that declined from the same period last year.

The company said first quarter net income attributable to Iron Mountain fell to $44.68 million from $58.13 million a year ago. Reported earnings per share dipped to $0.16 from $0.22.

Excluding items, Iron Mountain reported adjusted earnings of $0.24 per share for the period.

Analysts had expected the company to earn $0.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.6% to $1.04 billion from $0.94 billion last year.

Iron Mountain Inc earnings at a glance:

-Adjusted EPS (Q1): $0.24 vs. $0.24 last year.
-Analysts Estimate: $0.23
-Revenue (Q1): $1.04 Bln vs. $0.94 Bln last year.

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