October 29, 2009 / 11:29 AM / 9 years ago

UPDATE 1-Iron Mountain Q3 EPS meets Street, narrows FY rev view

* Q3 adj EPS $0.24, in line with est

* Q3 rev $764.9 mln vs est $774.6 mln

* Narrows FY09 rev view to $3.00-$3.02 bln

* Sees FY internal rev growth at low end of prior view

Oct 29 (Reuters) - Iron Mountain Inc (IRM.N), which helps firms store and manage data, posted a quarterly profit that was in line with market estimates and tightened its full-year revenue outlook.

For the third quarter, the company’s net income rose to $43.2 million, or 21 cents per share, from $11.3 million, or 6 cents per share, a year ago.

Excluding items, it earned of 24 cents per share.

Quarterly revenue fell about 3 percent to $764.9 million.

Analysts were expecting earnings of 24 cents a share, before items, on revenue of $774.6 million, according to Thomson Reuters I/B/E/S.

For 2009, the company now expects revenue of $3.00 billion to $3.02 billion. It previously expected revenue of $2.98 billion to $3.04 billion.

Analysts were looking for full-year revenue of $3.0 billion.

The revised revenue outlook incorporates expectations for full-year internal revenue growth of 3 percent, at the low end of the company’s previous forecast of 3 percent to 5 percent.

Shares of the company closed at $26.39 Wednesday on the New York Stock Exchange.

For alerts, please double click [ID:nWNAB6400] (Reporting by Mansi Dutta in Bangalore; Editing by Himani Sarkar)

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