Imation Q3 Loss Widens - Quick Facts

(RTTNews) - Imation Corp. (IMN) posted third-quarter net loss of $61.4 million or $1.49 per share, wider than $34.9 million or $0.86 per share a year ago.

Excluding the impact of special charges, loss per share from continuing operations would have been $0.42, compared with a loss per share from continuing operations of $0.42 last year. On average, two analysts polled by Thomson Reuters expected the company to report a loss of $0.35 per share for the quarter. Analysts' estimates typically exclude special items.

Total operating revenues declined 8.8% to $175.0 million from last year's $191.9 million, while five analysts expected revenues of $159.55 million.