Imation Corp. (IMN) Tops Q2 EPS by 1c

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Go back to Imation Corp. (IMN) Tops Q2 EPS by 1c

Imation Reports Second Quarter 2015 Financial Results

August 10, 2015 4:40 PM EDT

OAKDALE, Minn.--(BUSINESS WIRE)-- Imation Corp. (NYSE: IMN) today released financial results for the second quarter ended June 30, 2015 that were in line with the Companys expectations.

Q2 Overview

For the second quarter of 2015, Imation reported net revenue of $150.6 million, gross margin of 19.3 percent, an operating loss from continuing operations of $15.9 million, including special charges of $1.5 million, diluted loss per share from continuing operations of $0.42 and a cash balance of $89.8 million. Foreign currency exchange rates negatively impacted total Q2 2015 revenues by 8.1 percent, or $14.5 million, compared to... More