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Imation reports profits and small sales rise in third quarter

This article was originally published in Clinica

Executive Summary

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.

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