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Short Take: Iomega beats estimates

Iomega today slightly beat analysts expectations of a third quarter loss of 5 cents a share. Iomega posted a net loss of $7.6 million, or 3 cents a share, for the quarter excluding charges, compared with net profits of $30 million, or 11 cents a share, a year ago. Revenues fell 9 percent to $392 million in the quarter over a year ago.

Iomega today slightly beat analysts expectations of a third quarter loss of 5 cents a share. Iomega posted a net loss of $7.6 million, or 3 cents a share, for the quarter excluding charges, compared with net profits of $30 million, or 11 cents a share, a year ago. Revenues fell 9 percent to $392 million in the quarter over a year ago.