Market Updates
Eastman Kodak Swings to Profit
Elena
02 Aug, 2007
New York City
-
During the quarter, the company earned $592 million, or $2.06 a share, compared with a loss of $282 million, or 98 cents a share last year, easily beating estimates of 39 cents per share on revenue of $10.19 billion.Eastman Kodak said quarterly net sales declined 6.6% to $2.51 billion.
[R]8:00AM Eastman Kodak swung to profit in Q2.[/R]
Eastman Kodak ((EK)) said Thursday it swung to a Q2 profit, benefiting from lower costs, a $31 million increase in traditional earnings and a $97 million increase in digital earnings. During the quarter, the company earned $592 million, or $2.06 a share, compared with a loss of $282 million, or 98 cents a share last year, easily beating estimates of 39 cents per share on revenue of $10.19 billion.
The company posted a loss from continuing operations of $135 million, or 47 cents a share vs. a loss of $355 million, or $1.24 a share, a year ago. Eastman Kodak said quarterly net sales declined 6.6% to $2.51 billion. The company’s sales in its consumer digital imaging group fell to $1 billion from $1.11 billion a year ago, while sales in its graphic communications unit gained 2% to $929 million. The company expects 2007 revenue decline on the range of 4% to 7%.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|