Kodak Reports 3rd Quarter Profit

Eastman Kodak has reported third quarter earnings of $19 million, a considerable improvement from a $46 million net loss for the same three months last year. The company says this was driven partly by sales growth for its printing plates and PROSPER inkjet presses.

Revenues for the summer quarter were $366 million, down $13 million from last year.

The company says in a statement that it's in exclusive talks with a buyer for its Flexographic Packaging Division. Kodak plans to use the money it gets from that sale to pay down its debt.


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