Imation Corp. (IMN) Tops Q4 EPS by 16c
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Imation Reports Fourth Quarter and Full Year 2015 Financial Results
March 8, 2016 7:30 AM ESTOAKDALE, Minn., March 8, 2016 /PRNewswire/ -- Imation Corp. (NYSE: IMN) today released financial results for the fourth quarter ended December 31, 2015.
Q4 Overview
Due to Imation's announced exit of its legacy storage media business, for Q4 2015, Imation reported net revenue of $94.0 million, down 52.3 percent compared to Q4 2014. Operating income from continuing operations totaled $0.3 million during the quarter, including special charges of $5 million. The net loss was $9.9 million, or $0.27 loss per diluted share. This compares to an operating loss from continuing operations of $12.1 million, including special charges of $2.1 million,... More
