Скачать или смотреть Earnings Report: Eastman Kodak Reports Wider-Than-Expected Q2 Loss (EK)

Eastman Kodak (NYSE:EK) reported a Q2 loss of $0.51 per share, ex-items, a wider loss than consensus estimates for a loss of $0.32 per share. Revenues fell 11% year-over-year to $1.77 billion, topping consensus estimates of $1.67 billion.

For the full year, Eastman Kodak sees revenues of $7.5 billion to $7.7 billion, vs. consensus estimates of $7.60 billion.

Antonio M. Perez, Chairman and Chief Executive Officer, Eastman Kodak Company commented, "We continue to gain share in our growth businesses, maintain cost discipline, and drive improved profitability, Our new digital businesses, particularly consumer and commercial inkjet, continue to gain traction, with sales growth outpacing the competition. Digital commercial printing revenue, for example, grew 9% in the second quarter, consumer inkjet printer and ink revenue grew 50%, and operating margins improved in the majority of our digital product lines and for our digital business in total. We remain focused on building a leaner, more competitive company powered by innovative products that compete in large, new markets. Given the solid digital unit growth that we saw in the first half of the year, we continue to target full-year revenue of $7.5 billion to $7.7 billion, reflecting the increasing strength of our digital portfolio."

SmarTrend alerted subscribers to take profits in Eastman Kodak on April 30, 2010 at $6.58, since then the stock fell 25%. We are now watching for any positive developments that could result in a new uptrend signal.