WASHINGTON (dpa-AFX) - Iron Mountain Inc. (IRM) Thursday reported a profit of $55.0 million, or $0.35 per share, for the first quarter of 2012 ended 31 March 2012, down from net income of $73.0 million, or $0.40 per share reported for the same period last year. Earnings from continuing operations for the first quarter decreased to $0.35 per share from $0.40 per share reported for the prior-year quarter. Adjusted earnings per share for the quarter, however, inched higher to $0.29 from $0.28 per share reported last year.
Ten analysts polled by Thomson Reuters estimated earnings of $0.29 per share. Analysts' estimates usually exclude special items.
Revenues for the first quarter remained flat at $746 million, same as last year.
Looking ahead, the company reaffirmed its 2012 financial guidance with an adjusted earnings estimate of between $1.20 and $1.36 per share, on revenues in the range of $2.990 billion and $3.070 billion. Analysts' consensus currently sees earnings of $1.32 per share on revenues of $3.05 billion.
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