Eastman Kodak's Q3 continues to expose negatives - Blogging Stocks

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Eastman Kodak's Q3 continues to expose negatives
Oct 30, 2009 02:00 PM UTC

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Filed under: Earnings reports, Sony Corp ADR (SNE), Eastman Kodak (EK)

Eastman Kodak (NYSE: EK), which counts Sony (NYSE: SNE) and Canon (NYSE: CAJ) as related companies, continues its slide into fundamental hell. According to the third-quarter earnings release, sales declined a scary 26%, and a GAAP loss of 41 cents per share was reported. Last year at this time, Kodak produced positive income of 35 cents per share. According to Reuters, the adjusted loss of 23 cents per share was worse than analyst projections. Wall Street was hoping for something closer to a loss of 19 cents per share.

Don't you get the feeling management just doesn't know what to do? Kodak has become a conundrum of epic proportions. Just how is someone supposed to improve a situation that has gone so downhill?

Continue reading Eastman Kodak's Q3 continues to expose negatives

Eastman Kodak's Q3 continues to expose negatives originally appeared on BloggingStocks on Fri, 30 Oct 2009 09:00:00 EST. Please see our terms for use of feeds.

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