Iron Mountain Q2 2024 FFO $1.08 Beats $0.74 Estimate, Sales $1.534B Beat $1.505B Estimate
Portfolio Pulse from Benzinga Newsdesk
Iron Mountain (NYSE:IRM) reported Q2 2024 earnings per share (EPS) of $1.08, significantly beating the analyst consensus estimate of $0.74 by 45.95%. The company also reported quarterly sales of $1.534 billion, surpassing the estimate of $1.505 billion by 1.94%. This represents a 12.96% increase over the same period last year.
August 01, 2024 | 10:46 am
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Iron Mountain (NYSE:IRM) reported strong Q2 2024 earnings, with EPS of $1.08 beating estimates by 45.95% and sales of $1.534 billion exceeding expectations by 1.94%. This positive performance is likely to boost investor confidence and drive the stock price up in the short term.
The significant beat on both EPS and sales estimates, along with a notable year-over-year sales increase, indicates strong financial performance. This is likely to positively influence investor sentiment and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100