Imation Corp. (IMN) Misses Q2 EPS by 8c

Imation Corp. (NYSE: IMN) reported Q2 EPS of ($0.17), $0.08 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $10.6 million versus the consensus estimate of $11.5 million.

Cash and short-term investment balance was $56.2 million as of June 30, 2016, down $6.8 million during the quarter, driven by primarily operating losses and, to a lesser extent, the remaining charges from the Company's restructuring and an unrealized loss on the Company's short-term investment portfolio.

For earnings history and earnings-related data on Imation Corp. (IMN) click here.

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