Iron Mountain boosts revenue target

Iron Mountain Inc., a provider of information protection and storage services for electronic data, today raised its 2007 revenue target after third-quarter results exceeded expectations.

The company now expects full-year revenue ranging from $2.7 billion to $2.72 billion. In September, Iron Mountain told Wall Street to expect revenue of $2.67 bill to $2.7 billion.

The mean analyst estimate is $2.69 billion, according to Thomson Financial.

For the fourth quarter, Iron Mountain expects revenue of $697 million to $712 million. Wall Street projections average $698 million.

The forecasts do not include any expected results from the planned acquisition of Stratify Inc., announced separately today.

Iron Mountain reported earlier that third-quarter earnings nearly doubled. (AP)