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0.000582717152717219 0.000884643138580985 0.0046587179618788 0.00692316285585758 0.00722508884172134 0.00722508884172134 0.00722508884172134 0.00722508884172134
Stock impact report

Iron Mountain shares jump 6% after earnings beat [MarketWatch]

Iron Mountain Incorporated (Delaware)Common Stock REIT (IRM) 
Last iron mountain incorporated (delaware)common stock reit earnings: 2/13 06:00 am Check Earnings Report
Company Research Source: MarketWatch
Iron Mountain shares jump 6% after earnings beat Shares of storage and document management company Iron Mountain Inc. IRM, +4.70% rose about 6% Thursday, after the company beat earnings estimates for the fourth quarter. The Boston-based REIT said it had net income of $37.1 million, or 13 cents a share, in the quarter, down from $158.6 million, or 55 cents a share, in the year-earlier period. Funds from operations came to 65 cents, a penny ahead of the 64 cents FactSet consensus. Revenue rose to $1.08 billion from $1.06 billion, also ahead of the $1.07 billion FactSet consensus. The company, which is in the midst of an overhaul of operations, said revenue from storage rentals rose 2.5% in all of 2019. The company is now expecting 2020 revenue of $4.375 billion to $4.475 billion and adjusted EPS of $1.15 to $1.25. Shares have fallen 7.5% in the last 12 months, while the S&P 500 SPX, -0.16% has gained 23%. Show less Read more
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