WASHINGTON (dpa-AFX) - Imation Corp. (IMN) reported a net loss for the fourth quarter of $310.2 million or $8.34 per share, compared to a net loss of $12.9 million or $0.34 per share for the year-ago quarter.
The latest quarter results include special charges of $305.2 million consisting of intangible asset impairments of $260.5 million, goodwill impairment of $23.3 million and $21.4 million of restructuring and other charges. The year-ago quarter results included special charges of $12.3 million.
Excluding the impact of special charges, adjusted loss per share for the fourth quarter would have been $0.14, compared to adjusted loss per share of $0.14 in the prior year quarter.
Net revenue for the quarter fell 12.6% to of $299.1 million from $342.3 million a year ago.
Copyright(c) 2013 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2013 AFX News
