Iron Mountain Incorporated (NYSE:IRM) [Trend Analysis] declared that a key measure of profitability in its Q1. The results surpassed Wall Street anticipations. The real estate investment trust, based in Boston, reported it had funds from operations of $108.4M, or 51 cents per share, in the period. The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 48 cents per share.
Funds from operations are a closely watched measure in REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $62.8 million, or 30 cents per share. The information management company that is converting a real-estate investment trust, based in Boston, posted revenue of $750.7 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $762.6 million.
Iron Mountain Incorporated (NYSE:IRM) retains strong position in active trade, as shares scoring 0.61% to $36.24 in a active trade session, while IRM attains analyst recommendation of 2.30 with week’s performance of 2.93%. Investors looking further ahead will note that the Price to next year’s EPS is 11.50%.
First Solar, Inc. (NASDAQ:FSLR) [Trend Analysis] released that current CFO Mark R. Widmar has been hired CEO, effective July 1, 2016. He will also join First Solar BOD at that time. As division of a transition plan, Mr. Widmar will succeed James A. Hughes, who plans to step down as CEO effective June 30, 2016. Mr. Hughes will continue to support firm in an advisory role and remain on the Board.
First Solar’s Chairman of the Board, Michael J. Ahearn stated that leadership succession planning has been a joint effort among Jim and the board. As they enter a new phase of growth and development for firm, they think that Mark’s proven leadership and expertise make this an ideal time for him to take the helm. Under Jim’s astute outlook, First Solar achieved strongest technology position in our history, with record bookings of new business and unparalleled financial strength in the industry. They are grateful for Jim’s many contributions to First Solar, and they look forward to benefiting from his continued involvement as an advisor and director.
First Solar, Inc. (NASDAQ:FSLR) knocking active thrust in leading trading session, shares a decrease of -8.08% to 57.02 with around 6.92 Million shares have changed hands in this session. The stock is going forward its fifty-two week low with 41.66% and lagging behind from its 52-week high price with -23.25%. Likewise the positive performance for the quarter recorded as -13.45% and for the year was -7.94%, while the YTD performance remained at -13.59%. FSLR has Average True Range for 14 days of 1.97.