KODAK Q1 SALES OF INKJET PRINTERS AND INK UP 27%

[Anonymous]

http://www.forbes.com/feeds/ap/2010/04/29/business-mobile-telecommunications-us-earns-eastman-kodak_7560256.html
SALES OF INKJET PRINTERS AND INK UP
27% AT KODAK
Kodak
returns to profit in 1st-Qtr, revenue rises
ROCHESTER, N.Y. — Eastman Kodak Co. said Thursday it posted a
$119 million profit in the first quarter in contrast to a steep loss a
year ago, lifted by inkjet printer sales and a settlement deal with
Samsung Electronics Co. over disputed digital-imaging technology.Revenue
rose 31 percent, matching Wall Street expectations. But its adjusted
earnings fell short of analysts’ estimates.Kodak shares fell 48 cents,
or 5.7 percent, to $7.87 in pre-opening trading.The photography pioneer
said it earned 40 cents a share, in the January-March period. That
compares with a loss of $353 million, or $1.32 a share, a year
earlier.Excluding one-time items of $137 million, or 42 cents a share,
Kodak said it earned 82 cents a share. Analysts expected Kodak to earn
90 cents per shareRevenue rose to $1.93 billion from $1.48 billion,
boosted by a one-time licensing payment of $550 million from Samsung. It
also benefited from a 27 percent jump in sales of consumer inkjet
printers and ink.

[Author]

May 3, 2010 at 11:23 AM