15 November 2005 – Oakdale (MN): Imation has raised its FY earnings forecast on revenue growth that has exceeded expectations.
The company now expects FY profit from continuing operations of $2.28 to $2.32 per share, up from its previous target of $2.10 to $2.17 per share. Annual revenue growth is expected to hit 5 to 6 percent, beating previous predictions of 3 to 5 per cent.
The estimate included a benefit of $0.35 per share from a tax ruling, recorded in Imation’s Q1.
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