PORTSMOUTH, N.H. (AP) — PORTSMOUTH, N.H. (AP) — Iron Mountain Inc. (IRM) on Thursday reported fourth-quarter earnings of $89.3 million.
The Portsmouth, New Hampshire-based company said it had net income of 30 cents per share. Earnings, adjusted for non-recurring costs, came to $1.44 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The real estate investment trust posted revenue of $1.84 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $1.8 billion.
For the year, the company reported profit of $144.6 million, or 49 cents per share. Revenue was reported as $6.9 billion.
Iron Mountain expects full-year earnings in the range of $5.69 to $5.79 per share, with revenue in the range of $7.63 billion to $7.78 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IRM at https://www.zacks.com/ap/IRM
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