Imation reports profits and small sales rise in third quarter
This article was originally published in Clinica
In its first results as an independent company, Imation reported a net profit of $12 million in the third quarter compared with a loss in the previous year. Sales rose 2% to $559 million at the imaging and information company which was spun off from 3M on July 1st. On October 30th, Imation shares closed at $27.63 valuing the company at more than $1,100 million.