When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
KODK - Kodak's Earnings: More Of The Same Decline Should Continue
Eastman Kodak Company Common New
On August 8, Kodak (KODK) reported the results of its second quarter. Revenues of $307 million continued to drop sharply, down 7.5% YOY, but with more than a third of the decline being driven by unfavorable currency movements.
Net earnings of $201 million looked very high at first glance, but included the large gain on disposition of the Flexographic Packaging Division. Without it, net loss from continuing operations of $0.25/share would have compared unfavorably against 2Q18's net loss of $0.04/share.