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Kodak posts 1st quarterly profit in more than year
Kodak posts $443 million profit in fourth quarter as sales rise 6 percent

Companies:Eastman Kodak Co.
On Thursday January 28, 2010, 7:47 am
ROCHESTER, N.Y. (AP) -- Eastman Kodak Co. says it notched its first quarterly profit in over a year, lifted by consumer and commercial inkjet printer sales, royalties on digital imaging patents and leaner costs.

Its shares are up more than 10 percent in premarket trading.

After running up four quarterly losses, the Rochester, N.Y.-based photography pioneer said Thursday it earned $443 million, or $1.40 a share, in the October-December period. That compared with a loss of $918 million, or $3.42 a share, a year earlier.

Sales rose 6 percent to $2.58 billion from $2.43 billion.

Excluding one-items items, Kodak says it earned $1.08 a share.

Analysts surveyed by Thomson Reuters expected, on average, expected, on average, a much lower profit excluding one-time items of 18 cents a share on lower sales of $2.38 billion.