Iron Mountain Q3 Profit Declines, Updates Full Year EPS Forecast - Quick Facts

(RTTNews) - Technology firm Iron Mountain (IRM) said third-quarter net income attributable to the company plunged to $66 thousand or $0.00 per share from $3.85 million or $0.02 per share in the prior year.

Adjusted earnings per share were $0.35, compared to $0.43 last year. On average, eight analysts polled by Thomson Reuters expected earnings of $0.37 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues rose to $782.7 million from $755.3 million in the prior year. Analysts expected revenues of $780.24 million.

Further, citing stock distribution and the impact of adverse currency, the firm reduced its adjusted earnings per share forecast for 2014 to $1.33 to $1.44 from the current projection of $1.37 to $1.52.