Kodak Misfires Again

Kodak (EK:NYSE - commentary - research) continued its losing ways Wednesday, posting another disappointing quarter and sharply increasing its layoff plans.
The struggling Rochester, N.Y., camera company missed Wall Street's earnings estimates by nearly 30 cents for the second straight quarter. The company responded by upping its firing forecast to a range of 22,500 to 25,000 jobs from the previously projected 15,000.

Source: The Street


Posted: Wed - July 20, 2005 at 08:46 AM