Boston, MA-based Iron Mountain Inc. (IRM Quick QuoteIRM - Free Report) is a leading provider of records management, data protection & recovery and information destruction services in more than 45 countries around the world. The company’s products cater to a diversified customer base that comprises commercial, legal, financial services, health care, entertainment, and government organizations.

Zacks Rank: Currently, Iron Mountain has a Zacks Rank#3 (Hold) but that could change following its second-quarter 2016 earnings report which has just released.

We have highlighted some of the key details from the just-released announcement below:

Earnings: Iron Mountain reported normalized funds from operations (FFO) of 47 cents per share that fell below the Zacks Consensus Estimate of 53 cents and decreased 4.1% year over year.

Revenue: Revenues of $883.7 million beat the Zacks Consensus Estimate of $882.9 million and improved 16.3% year over year.

Key Stats: In the quarter, adjusted OIBDA (operating income before depreciation and amortization) was $261.4 million compared with $223.2 million in the year-ago quarter.

Check back later for our full write up on this IRM earnings report later!

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