Imation Considers Restructuring

Data-storage systems maker Imation Corp. said it will miss analysts' expectations for earnings for the quarter ended Sept. 30. It also said it's exploring alternatives that include financial restructuring, stock repurchases and potential mergers. The Oakdale, Minn.-based company warned that operating income, excluding restructuring charges and write-offs, will be 16% below the $346 million in sales it registered during the same period last year.

Join the newsletter!

Error: Please check your email address.

More about Imation ANZ

Show Comments

Market Place