Shares of Iron Mountain (NYSE:IRM) plummeted 5.02% in intraday trading on Wednesday following the release of its second-quarter 2025 financial results. The data storage and information management services company reported mixed results, with revenues surpassing expectations but earnings falling short of analyst estimates.

Iron Mountain reported adjusted earnings per share (EPS) of $0.48, missing the consensus estimate of $0.50 by 4%. However, this still represented a 14.29% increase from the $0.42 per share reported in the same quarter last year. The company's quarterly revenue came in at $1.712 billion, beating analyst expectations of $1.683 billion by 1.73% and showing an 11.60% year-over-year growth.

Despite the revenue beat, investors seemed to focus on the company's net loss of $43 million for the quarter, resulting in a reported EPS loss of $0.15. This negative bottom line, coupled with the earnings miss, likely contributed to the sharp stock decline. However, it's worth noting that Iron Mountain raised its full-year 2025 outlook, now expecting adjusted funds from operations (FFO) per share of $5.04 to $5.13, up from the previous guidance of $4.95 to $5.05. The company also increased its revenue forecast to a range of $6.79 billion to $6.94 billion. This improved outlook suggests that management remains confident in Iron Mountain's long-term prospects, despite the quarterly setback.