Storage products vendor Imation (IMN -9.5%) tumbles after reporting Q3 revenue of $308.6M (-10%...

|About: Imation Corporation (IMN)|By:, SA News Editor

Storage products vendor Imation (IMN -9.5%) tumbles after reporting Q3 revenue of $308.6M (-10% Y/Y) and EPS of -$0.18, missing consensus by $10.4M and $0.15. The company blames the shortfall on new storage products failing to offset a decline in legacy product sales. (PR)