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Imation issues warning on second-quarter profit
Imation issues warning on second-quarter profitImation late last month warned the financial community that its second-quarter net income and earnings per share are expected to be below analysts' estimates, due to weaker demand for the Oakdale,
Imation issues warning on second-quarter profit
Imation late last month warned the financial community that its second-quarter net income and earnings per share are expected to be below analysts' estimates, due to weaker demand for the Oakdale, MN, company's data-storage products. Wall Street was expecting the company to post second-quarter earnings in the range of 30 to 38 a share.
Sales of Imation's lower capacity data-storage products, like its Travan minicartridges, have been slower than expected, the company said. The company's broader portfolio of products in the medical imaging, printing and publishing, photo color, and data-center markets continues to meet expectations, however. Imation executives said the company's results should improve as higher capacity data-storage products it is developing hit the market.
In other news, Imation acquired Imaginet of Minneapolis, a privately held provider of Internet services to manufacturing and service companies. Imation has formed Imation Internet Services, a new business unit that will offer Internet and intranet-based services to customers, including those in the medical imaging industry.
MRI-Based AI Radiomics Model Offers 'Robust' Prediction of Perineural Invasion in Prostate Cancer
July 26th 2024A model that combines MRI-based deep learning radiomics and clinical factors demonstrated an 84.8 percent ROC AUC and a 92.6 percent precision-recall AUC for predicting perineural invasion in prostate cancer cases.
Breast MRI Study Examines Common Factors with False Negatives and False Positives
July 24th 2024The absence of ipsilateral breast hypervascularity is three times more likely to be associated with false-negative findings on breast MRI and non-mass enhancement lesions have a 4.5-fold likelihood of being linked to false-positive results, according to new research.
Can Polyenergetic Reconstruction Help Resolve Streak Artifacts in Photon Counting CT?
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