Imation Corp. (IMN) Posts Wider Q2 Loss

Imation Corp. (NYSE: IMN) reported Q2 EPS of ($0.48), $0.18 worse than the analyst estimate of ($0.30). Revenue for the quarter came in at $178.6 million versus the consensus estimate of $166.9 million.

Imation’s CEO Mark Lucas commented, “We are encouraged by the progress we saw in the second quarter of 2014. Overall, our total revenue decline rate moderated, and we again showed continued improvement in Imation’s expense levels. We still have a lot of work in front of us, but our growth businesses are gaining momentum, and market share in our legacy businesses remains stable.”

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

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