Imation Ahead of Earnings

Published on Thursday, 02 February 2012 13:20 Written by Christian Paolinetti

New York, February 2nd (TradersHuddle.com) - Shares of Imation Corp. (NYSE:IMN) are trading higher by +2.09% ahead of its quarterly earnings release. Imation, the maker of removable data storage products is expected to release its quarterly results on February 3^rd.

Wall Street Analysts consensus calls for a loss of $-0.34 a share on $355 million revenue.

Imation estimates have a range of $0 a share. The high estimate calls for loss of $-0.34 a share and the low estimate is calling for a loss of $-0.34 a share, a year ago for the quarter the company reported $0.22 a share.

Imation Corp. (NYSE:IMN) develops, manufactures, and markets a wide variety of products for removable data storage applications. Its products are sold around the world to the enterprise data centers, the network server environments, and the consumers market.