Kodak May Post Higher Profit on Rising Digital Sales

Eastman Kodak Co., the world's largest photography company, will probably report higher profit, excluding restructuring costs, as sales of digital cameras and health-care imaging services jumped. Kodak is expected to say tomorrow that profit in the second quarter climbed to 80 cents a share, the average estimate of eight analysts surveyed by Thomson Financial. Spokesman David Lanzillo declined to say whether the company will have a profit on a net basis. Net income was $136 million, or 48 cents a share, on sales of $3.46 billion a year earlier.

Source: Bloomberg


Posted: Tue - July 19, 2005 at 08:55 PM