Iron Mountain Q3 Profit Decreases; Updates Full-year 2013 Guidance - Quick Facts

(RTTNews) - Iron Mountain Inc. (IRM) reported that its third-quarter net income attributable to company decreased to $4.05 million or $0.02 per share, from $52.81 million or $0.31 per share, last year. Earnings per share, from continuing operations, was $0.03, compared to $0.31, a year ago. Adjusted earnings per share was $0.31, for the quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.30 for the quarter. Analysts' estimates typically exclude special items.

Total revenues rose to $755.64 million, from $748.12 million, a year ago. Analysts expected revenue of $757.17 million for the quarter.

The company updated its 2013 full-year guidance primarily to reflect recently completed acquisitions, including impacts on interest expense and depreciation and amortization. Revenues are expected to be in the range of $3.025 billion-$3.050 billion. Adjusted earnings per sahre is expected to be in the range of $1.05-$1.14; and $0.96 - $1.03, including restructuring. Analysts expect the company to report profit per share of $1.12.

Iron Mountain expects fiscal 2014 revenues in the range of $3.090 billion-$3.170 billion, and adjusted earnings per share in the range of $1.03-$1.14. Analysts expect the company to report fiscal 2014 profit per share of $1.25 on revenue of $3.12 billion.