Imation Corp. (IMN) Misses Q3 EPS by 49c

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Go back to Imation Corp. (IMN) Misses Q3 EPS by 49c

Imation Reports Third Quarter 2015 Financial Results

November 6, 2015 7:00 AM EST

OAKDALE, Minn.--(BUSINESS WIRE)-- Imation Corp. (NYSE: IMN) today released financial results for the third quarter ended September 30, 2015.

Q3 Overview

For the third quarter of 2015, Imation reported net revenue of $129.2 million, down 26.2 percent from Q3 2014. Operating loss from continuing operations totaled $148.7 million, including special charges of $113.9 million and diluted loss per share from continuing operations was $3.70. The Company had a cash balance of $94.3 million as of September 30, 2015.

On September 27, 2015, Imation adopted a restructuring plan in which it will terminate certain sales and operations of its worldwide... More