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.
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The management team, understandably, highlighted the decent results of a couple of its