Iron Mountain is trading 10.37% down now at $106.35 after its fourth-quarter revenue outlook came in below consensus.
- Revenue and adjusted earnings beat estimates; projected fourth-quarter revenue of about $2.03 billion was below the $2.05 billion consensus.
- Full-year revenue guidance was raised but remained below analyst expectations; the company reported record data-center leasing and raised its full-year AFFO guidance.
- A sharp broader-market selloff, including pressure on technology and data-center shares, also weighed on the decline.