KODAK Q1 SALES OF INKJET PRINTERS AND INK UP 27%

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KODAK Q1 SALES OF INKJET PRINTERS AND INK UP 27%

 user 2010-05-03 at 11:22:41 am Views: 105
  • #23587

    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.