Imation Corp. (IMN) Misses Q1 EPS by 9c

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Go back to Imation Corp. (IMN) Misses Q1 EPS by 9c

Imation Reports First Quarter 2016 Financial Results

May 10, 2016 9:02 AM EDT

OAKDALE, Minn., May 10, 2016 /PRNewswire/ -- Imation Corp. (NYSE: IMN) today released financial results for the first quarter ended March 31, 2016.

Overview

During the first quarter of 2016, Imation completed its legacy business wind down on time and under budget. The financial results related to the legacy businesses are reported as discontinued operations. Going forward, Imation will operate as a holding company with a subsidiary (Nexsan) engaged in the business of global data storage. At the corporate level, there is an ongoing strategic review as Imation expects... More