Kodak posts higher profit on digital sales (Reuters)
2008.01.30 -
Digital Cameras -
Source: RSS.NEWS.YAHOO.COM -
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21 minutes ago
NEW YORK (Reuters) - Eastman Kodak Co (EK.N) said on Wednesday its fourth-quarter profit rose, driven by sales of digital products such as inkjet printers.
The profit came to $215 million, or 71 cents per share, compared with a year-earlier profit of $16 million, or 6 cents per share.
Revenue rose to $3.22 billion from $3.11 billion.
The photography company is carrying out a lengthy and expensive effort to transform itself into a maker of digital cameras and printing services. But analysts have expressed concern over the degree to which it still relies on traditional film sales.
(Reporting by Franklin Paul; Editing by Derek Caney)
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