Continue reading Eastman Kodak Rallies After Earnings

Eastman Kodak Rallies After Earnings originally appeared on BloggingStocks on Thu, 28 Oct 2010 15:20:00 EST. Please see our terms for use of feeds.

Continue reading Anadarko Petroleum Tops Bullish Volatility Skews; Millipore Tops Bearish

Anadarko Petroleum Tops Bullish Volatility Skews; Millipore Tops Bearish originally appeared on BloggingStocks on Thu, 01 Jul 2010 14:00:00 EST. Please see our terms for use of feeds.

Here are some highlights from this past week's earnings coverage on BloggingStocks:

• Aflac Inc. (AFL) higher Q1 earnings were better than analysts expected, due in part to a stronger yen.
• Automatic Data Processing Inc. (ADP) Q3 EPS were the same as a year ago and revenue inched higher.
• BlackRock Inc. (BLK) higher Q1 earnings fell short of analysts' expectations due to acquisition-related charges.
• Broadcom Corp. (BRCM) posted record revenue in Q1 and swung to a profit from a year-ago loss.
• Burger King Holdings Inc. (BKC) topped Wall Street's Q3 earnings estimate, but same-store sales fell.

Continue reading Earnings Highlights: Caterpillar, Comcast, DreamWorks, Ford, Kodak, P&G and More

Earnings Highlights: Caterpillar, Comcast, DreamWorks, Ford, Kodak, P&G and More originally appeared on BloggingStocks on Sat, 01 May 2010 12:40:00 EST. Please see our terms for use of feeds.

I'm going to take a quick look at two companies that released earnings on Thursday. First up is Eastman Kodak (EK), but I'll tell you this: EK was anything but up. The stock closed off 16.9% by the end of the session. Volume was exceptionally high. But does this mean Kodak is a buy or a sell?

Back in January, Kodak rallied on its Q4 numbers; at that time, analysts and their projections were destroyed by the strong report. I, however, remained bearish on the company because of its turnaround status, preferring to focus on the risk of the situation instead of the forward-looking potential.

Continue reading Quarterly Earnings: Eastman Kodak and Kellogg

Quarterly Earnings: Eastman Kodak and Kellogg originally appeared on BloggingStocks on Fri, 30 Apr 2010 09:00:00 EST. Please see our terms for use of feeds.

Here are some highlights from this past week's earnings coverage on BloggingStocks:

• Apple Inc. (AAPL) posted its highest quarterly revenue ever, easily beating estimates, as iPhone sales doubled.
• Boeing Co. (BA) swung to a larger-than-expected Q4 profit but guidance fell short of analysts' estimates.
• Chevron Corp. (CVX) fell short of analysts' earnings estimates for Q4, sending shares lower.
• Cisco Systems Inc. (CSCO) shares rose after optimistic statements by the CEO ahead of Q2 results.
• Eastman Kodak Co. (EK) shares surged after it beat Q4 expectations by a wide margin and cash flow improved.
• Ford Motor Co. (F) reported its first annual profit in four years due to cost-cutting and improved market share.
• Halliburton Co. (HAL) reported lower Q4 earnings but beat estimates by a penny, and revenue also fell.

Continue reading Earnings Highlights: Apple, Boeing, Cisco, Ford, Kodak, Microsoft, Yahoo! ...

Earnings Highlights: Apple, Boeing, Cisco, Ford, Kodak, Microsoft, Yahoo! ... originally appeared on BloggingStocks on Sat, 30 Jan 2010 12:10:00 EST. Please see our terms for use of feeds.

Sales increased 6%. On a GAAP basis, Kodak made $1.36 per share from continuing operations. This compares to a loss of $3.40 per share booked in the year-ago period. According to Reuters, the non-GAAP number was $1.08 per share, beating the estimate of 18 cents by what is obviously a very wide margin.

Continue reading Eastman Kodak Up Big on Q4 News

Eastman Kodak Up Big on Q4 News originally appeared on BloggingStocks on Thu, 28 Jan 2010 15:30:00 EST. Please see our terms for use of feeds.

Eastman Kodak (EK) is grabbing headlines after the film firm filed a complaint with the U.S. International Trade Commission (ITC), alleging that Apple's (AAPL) iPhone and Research In Motion Limited's (RIMM) BlackBerry camera phones infringe on Kodak's patents. Kodak is asking the ITC to block Apple and RIMM from importing the offending devices.

Additionally, the iconic photography company filed two suits against Apple in the U.S. District Court for the Western District of New York. Kodak is claiming infringement of patents "related to digital cameras and certain computer processes."

Continue reading Kodak Alleges Patent Infringement by Apple, Research in Motion

Kodak Alleges Patent Infringement by Apple, Research in Motion originally appeared on BloggingStocks on Thu, 14 Jan 2010 12:40:00 EST. Please see our terms for use of feeds.

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.

Continue reading Eastman Kodak (EK) falls on capital-raising efforts

Eastman Kodak (EK) falls on capital-raising efforts originally appeared on BloggingStocks on Thu, 17 Sep 2009 13:30:00 EST. Please see our terms for use of feeds.

Here are some highlights from last week's earnings coverage from BloggingStocks:

• Amgen Inc. (NASDAQ: AMGN) reported strong Q2 earnings thought revenue fell but beat analysts' estimates.
• Colgate-Palmolive Co. (NYSE: CL) beat Q2 earnings estimates but revenue suffered from currency effects.
• Dow Chemical Co. (NYSE: DOW) reported a drop in Q2 revenue and a net loss on restructuring charges.
• Eastman Kodak Co. (NYSE: EK) posted a deeper-than-expected Q2 net loss as sales plunged.
• Exxon Mobil Corp. (NYSE: XOM) reported its lowest quarterly profit in years, well short of expectations.

Continue reading Earnings highlights: Verizon, RadioShack, MetLife, Kellogg, Exxon, Disney ...

Earnings highlights: Verizon, RadioShack, MetLife, Kellogg, Exxon, Disney ... originally appeared on BloggingStocks on Sun, 02 Aug 2009 09:30:00 EST. Please see our terms for use of feeds.

So, when you look at the second-quarter press release from Eastman Kodak (NYSE: EK), you notice something right off the bat. Part of the headline reads as follows: "Kodak Reports 2nd-Quarter 2009 Results, Reflecting Global Economic Realities." I don't think a shareholder can feel too encouraged after mentally processing the implied image that the results are like a mirror being held up to the ugly face of the recession, do you?

I didn't think so. Anyway, sales declined 29%, and I don't think we can use the currency issue to save the day on this particular top line. On an adjusted basis, the 43 cents from continuing operations that was lost during the quarter missed expectations by 7 cents, according to Reuters.

Continue reading Eastman Kodak misses in Q2 -- surprised?

Eastman Kodak misses in Q2 -- surprised? originally appeared on BloggingStocks on Sat, 01 Aug 2009 11:30:00 EST. Please see our terms for use of feeds.

Investors continued to sell Eastman Kodak (NYSE: EK) during the second quarter, and shares bottomed at $2 per share.

Looking forward, I recently added Eastman Kodak to my Penny Stock Winners model portfolio as a buy recommendation.

In my opinion, the carnage at Eastman Kodak has been complete and the upside benefit of the digtal revolution is worth the speculation. The company may never fully recover from the last few years, but a small improvement in operations can result in big gains in the stock.

I would be a buyer of Eastman Kodak at these prices.

Next: Stock to Avoid #10

Stock to avoid #9 -- Eastman Kodak (EK) originally appeared on BloggingStocks on Sun, 19 Jul 2009 12:00:00 EST. Please see our terms for use of feeds.

With such uncertainty, following an absolute return strategy continues to offer investors the biggest bang for their buck. There is no sense in guessing where the market will be down the road.

Instead, buy cheap stocks and sell stocks that are expensive. Then blend the two approaches together in one portfolio and chances are you'll make money.

Even with a huge rally in stocks, the S&P 500 ended the second quarter with a year-to-date gain of 1.78%. That is a vast improvement compared to the 11% loss at the end of the first quarter, but it's a minimal return for taking risk in the stock market.

Investors need to do better -- and they can.

Continue reading Take a pass on these ten stocks

Take a pass on these ten stocks originally appeared on BloggingStocks on Sat, 18 Jul 2009 08:00:00 EST. Please see our terms for use of feeds.

Here are some highlights from this past week's earnings coverage from BloggingStocks:

• Baidu Inc. (NASDAQ: BIDU) reported better-than-expected Q1 earnings as revenues surged in the quarter.
• Burger King Holdings Inc. (NYSE: BKC) just beat Q3 expectations despite weak same-store sales growth.
• Corn Products International Inc. (NYSE: CPO) Q1 results were dragged down by higher corn costs.
• Dow Chemical Co. (NYSE: DOW) Q1 earnings sank on falling sales, job cuts and acquisition costs.
• Eastman Kodak Co. (NYSE: EK) reported a deeper-than-expected Q1 loss and suspended its dividend.
• Energizer Holdings Inc. (NYSE: ENR) posted better-than-expected Q2 earnings but revenue declined.

Continue reading Earnings highlights: Starbucks, Kodak, Verizon, Visa, Office Depot, Baidu and more

Earnings highlights: Starbucks, Kodak, Verizon, Visa, Office Depot, Baidu and more originally appeared on BloggingStocks on Sat, 02 May 2009 09:40:00 EST. Please see our terms for use of feeds.

According to this article, Kodak's adjusted loss of $0.95 per share from continuing operations missed Wall Street's call. By a lot. Some in the analyst community thought that Kodak would lose $0.44 per share. Others thought the company would lose less than even that figure. Doesn't matter what source you look at, the facts in the case make it clear that Kodak is not doing well. Worldwide sales shed just under 30% of their value. The digital segment fared very poorly in Q1.

Continue reading Eastman Kodak's Q1 snapshot shows company in decline

Eastman Kodak's Q1 snapshot shows company in decline originally appeared on BloggingStocks on Fri, 01 May 2009 14:20:00 EST. Please see our terms for use of feeds.

Continue reading Bill Gates reports 5.2% stake in Kodak

Bill Gates reports 5.2% stake in Kodak originally appeared on BloggingStocks on Tue, 17 Feb 2009 15:48:00 EST. Please see our terms for use of feeds.

Eastman Kodak (NYSE: EK) has been struggling for decades, and the current financial crunch is just pushing it further along. Today it announced 4,500 job cuts on a 24% drop in revenue and a restructuring charge of $350 million. Kodak is a classic example of a company whose decades of success make it unable to adapt to change.

First, a look at Kodak's report. With sales down to $2.43 billion from $3,22 billion a year ago, it is cutting its workforce by 18%. This cut contributed to a fourth quarter loss from continuing operations of $133 million, or 50 cents a share -- compared to last year's profit from continuing operations of $92 million, or 32 cents. This report comes at the end of a four-year, $3.4 billion overhaul in December 2007 that eliminated 50% of its workers, or 28,000 jobs. The shakeup was supposed to shift the company's focus to digital products and services from traditional film, but it came too late.

Continue reading Kodak keeps collapsing

Kodak keeps collapsing originally appeared on BloggingStocks on Thu, 29 Jan 2009 09:45:00 EST. Please see our terms for use of feeds.

Famous maker of photographic equipment and supplies Eastman Kodak (NYSE: EK) reported earnings for the second quarter earlier this week, and they have not changed my opinion whatsoever on the stock. The shares are to be avoided at all cost.

Yeah, I've got to admit, I've been bearish on Eastman Kodak for a long time. It isn't difficult to hold such an opinion, of course. The company reported net income on a GAAP basis of $0.66 per share from continuing operations as opposed to a loss of $0.53 per share from continuing operations in the year-ago period. However, the results for the quarter include a gain of $0.88 per share from an IRS refund, offset by $0.09 per share in other items of net expense (this yields a net benefit of $0.79 per share). Considering that last year's Q2 was affected by a net of $0.92 per share due to restructuring charges (which were offset by gains on asset sales), it can be seen that the adjusted scenario isn't impressive in the least.

I just can't get past the utterly horrible story behind this company and its long-term performance. Simply put, Eastman Kodak just didn't adjust properly to the transition from film photography to digital photography as it was happening. It's trying to make amends, but it hasn't been easy. In fact, colleague Elizabeth Harrow recently wrote an informative article on the awful history of the company and how its stock has been one of the worst performers of the last decade. She discusses the impact of competition from businesses such as Sony (NYSE: SNE) and Canon (NYSE: CAJ), as well as the demand of one big stakeholder for management to expand its current buyback program.

Continue reading Eastman Kodak's Q2 reminds me why I hate this stock

Eastman Kodak's Q2 reminds me why I hate this stock originally appeared on BloggingStocks on Sat, 02 Aug 2008 13:40:00 EST. Please see our terms for use of feeds.

In this series, we take a look at the 25 stocks on the S&P 500 Index (SPX) that have turned in the worst performance during the past decade -- what went wrong, and what happens next.

Be honest -- when was the last time you dropped off a roll of film to be developed? If your response dates back to the 1990s, the unpleasant fate of Eastman Kodak Company (NYSE: EK) probably doesn't need too much explaining. The way we take pictures and use paper has shifted drastically in the past decade, and Eastman has struggled in its attempts to keep up (with more "struggling" than "keeping up" involved, nearly every step of the way).

What went wrong? At No. 11 on our list of SPX dawdlers, EK shed 80% of its value during from June 30, 1998 through June 30, 2008. The stock tapped an all-time high near $95 in early 1997; during the decade in question, the shares peaked at $88.94 in July 1998. It was to be the first in a long series of lower highs for EK as it cascaded down the charts.

Eastman Kodak entered 1998 with an aggressive turnaround plan. The elimination of 20% of EK's payroll was meant to help stem the tide of diminishing profits and market share for the one-time leviathan of photography; the company was floundering in the face of heightened competition from the likes of Fuji. EK also unloaded a chain of retail stores and non-core businesses, but a gradual increase in profits couldn't mask disappointing sales growth.

Continue reading Worst 10-year performers: Eastman Kodak battles the digital era

Worst 10-year performers: Eastman Kodak battles the digital era originally appeared on BloggingStocks on Tue, 29 Jul 2008 17:31:00 EST. Please see our terms for use of feeds.

So the earnings crunch continues, and here's a look at some companies scheduled to report results this week that are anticipated to be big winners and losers in terms of earnings growth.

Analysts surveyed by Thomson Financial expect the following to report strong earnings growth when compared to the same period of the previous year.

• Apache Corp. (NYSE: APA): $4.10 EPS (+53.9%) on revenue of $3.8 billion (+54.6%)
• EOG Resources Inc. (NYSE: EOG): $2.34 EPS (+50.0%) on revenue of $1.7 billion (+62.2%)
• Avon Products Inc. (NYSE: AVP): $0.47 EPS (+44.7%) on revenue of $2.6 billion (+11.5%)
• Goodyear Tire & Rubber Co. (NYSE: GT): $0.62 EPS (+43.5%) on revenue of $5.3 billion (+7.0%)
• Hess Corp. (NYSE: HES): $2.76 EPS (+38.4%) on revenue of $8.3 billion (+14.6%)
• Murphy Oil Corp. (NYSE: MUR): $2.19 EPS (+35.2%) on revenue of $7.8 billion (+126.2%)
• Noble Energy Inc. (NYSE: NBL): $2.08 EPS (+34.6%) on revenue of $1.0 billion (+40.1%)
• U.S. Steel Corp. (NYSE: X): $3.91 EPS (+32.0%) on revenue of $5.9 billion (+39.6%)
• Corning Inc. (NYSE: GLW): $0.49 EPS (+30.6%) on revenue of $1.7 billion (+21.3%)
• Exxon Mobil Corp. (NYSE: XOM): $2.52 EPS (+27.4%) on revenue of $144.4 billion (+46.8%)

Clearly expectations are high for oil and energy. Other companies expected to report double-digit earnings growth include Chevron Corp. (NYSE: CVX), CVS Caremark Corp. (NYSE: CVS), NYSE Euronext Inc. (NYSE: NYX), Verizon Communications Inc. (NYSE: VZ), and Aetna Inc. (NYSE: AET).

Continue reading The week in preview: High expectations for oil and energy

The week in preview: High expectations for oil and energy originally appeared on BloggingStocks on Sun, 27 Jul 2008 12:30:00 EST. Please see our terms for use of feeds.