Iron Mountain Q4 2023 Adj EPS $0.52 Beats $0.45 Estimate, Sales $1.42B Miss $1.45B Estimate, AFFO $1.11
Portfolio Pulse from Benzinga Newsdesk
Iron Mountain (IRM) reported Q4 2023 adjusted EPS of $0.52, surpassing the $0.45 estimate, but its sales of $1.42B fell short of the $1.45B estimate. This represents an 11.02% increase in sales compared to the same period last year.
February 22, 2024 | 11:46 am
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Iron Mountain reported a Q4 2023 adjusted EPS of $0.52, beating estimates, but missed on sales with $1.42B against a $1.45B estimate.
While Iron Mountain's earnings per share exceeded expectations, the miss on sales forecasts could temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The increase in sales year-over-year is positive, but the failure to meet sales estimates may concern investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100