Eastman Kodak Co. (EK) Makeover Worthwhile
Eastman Kodak Co., wrapping up a four-year digital makeover, reported a much higher $215 million profit for the fourth quarter on Wednesday, lifted by a 15 percent bump in digital sales and a jump-start in the lucrative inkjet printer market.
The photography products maker earned the equivalent of 71 cents a share in the October-December quarter, up from $16 million, or 6 cents a share, a year earlier.
Sales rose 4 percent to $3.22 billion from $3.11 billion a year earlier.
Excluding one-time items of $28 million, or 9 cents a share, operating profits came to $120 million, or 40 cents a share. That was below the 52 cents a share forecast by analysts polled by Thomson Financial. The earnings estimates typically exclude one-time items. But the sales topped analysts' consensus estimate of $3.1 billion.
The photography products maker earned the equivalent of 71 cents a share in the October-December quarter, up from $16 million, or 6 cents a share, a year earlier.
Sales rose 4 percent to $3.22 billion from $3.11 billion a year earlier.
Excluding one-time items of $28 million, or 9 cents a share, operating profits came to $120 million, or 40 cents a share. That was below the 52 cents a share forecast by analysts polled by Thomson Financial. The earnings estimates typically exclude one-time items. But the sales topped analysts' consensus estimate of $3.1 billion.
Labels: Eastman Kodak Co., EK
posted by Stock Administrator @ 8:54 AM
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