eastman kodak posts
FeedPosted Aug 2nd 2009 9:30AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Exxon Mobil (XOM), Walt Disney (DIS), Kellogg Co (K), Colgate-Palmolive (CL), Verizon Communications (VZ), Eastman Kodak (EK), RadioShack Corp (RSH), Dow Chemical (DOW), MetLife Inc. (MET)
Continue reading Earnings highlights: Verizon, RadioShack, MetLife, Kellogg, Exxon, Disney ...
Posted Aug 1st 2009 11:30AM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Sony Corp ADR (SNE), Eastman Kodak (EK)
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?
Posted Jul 19th 2009 12:00PM by Jamie Dlugosch (RSS feed)
Filed under: AFLAC Inc (AFL), Eastman Kodak (EK), Stocks to Sell
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
Posted Jul 18th 2009 8:00AM by Jamie Dlugosch (RSS feed)
Filed under: American Express (AXP), Boeing Co (BA), duPont(E.I.)deNemours (DD), Eastman Kodak (EK), United Technologies (UTX), Delta Air Lines (DAL), Stocks to Sell
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
Posted May 2nd 2009 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Time Warner (TWX), Pfizer (PFE), Starbucks (SBUX), Motorola (MOT), Exxon Mobil (XOM), Verizon Communications (VZ), Office Depot (ODP), Eastman Kodak (EK), QUALCOMM Inc (QCOM), Dow Chemical (DOW), Burger King Hldgs (BKC), Goodyear Tire and Rubber (GT), MetLife Inc. (MET), Visa Inc. (V)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Starbucks, Kodak, Verizon, Visa, Office Depot, Baidu and more
Posted May 1st 2009 2:20PM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Sony Corp ADR (SNE), Eastman Kodak (EK)
Eastman Kodak (NYSE:
EK), whose colleagues include
Canon (NYSE:
CAJ) and
Sony (NYSE:
SNE), did not start its new fiscal year with a picturesque
first quarter. No, it was more of an ugly, frayed-at-the-edges, nightmarish image of doom and gloom. And although the photography company does have a point when it states right at the beginning of the release that the global economic malaise is affecting its prospects, let's also be realistic. Kodak has been doing badly for a long, long time. This isn't just about the economy. This is about a company that still hasn't properly adjusted to a new, thriving business model.
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
Posted Jan 29th 2009 9:45AM by Peter Cohan (RSS feed)
Filed under: Earnings reports, Eastman Kodak (EK)
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
Posted Aug 2nd 2008 1:40PM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Sony Corp ADR (SNE), Eastman Kodak (EK)
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
Posted Jul 29th 2008 5:31PM by Elizabeth Harrow (RSS feed)
Filed under: Major movement, Bad news, Eastman Kodak (EK), S and P 500, DJIA, Technology
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
Posted May 1st 2008 1:10PM by Eliza Popescu (RSS feed)
Filed under: Earnings reports, Bad news, Products and services, Eastman Kodak (EK)

Shares of the top maker of photographic film,
Eastman Kodak Co. (NYSE:
EK), have been tumbling in morning trading after putting up less than impressive earnings.
The company was not able to come in above analyst estimates, despite the fact that its loss
narrowed to $115 million, or 40 cents a share in the first-quarter. Compared to its first period last year, its quarterly numbers showed a nice rebound, as the company reported a much higher loss of 53 cents a share last year.The photography products maker improved its performance on digital photography products and services, but this was not enough to offset higher silver and aluminum cost and increased spending on its inkjet printer business.
Going into today's earnings report Wall Street had been looking to see the company show Q1 loss of 3 cents a share. Excluding one-time items, the company stated that it loss came in at 39 cents a share, far more than the loss that analysts predicted. So with the actual numbers, Eastman Kodak is looking for a pretty bad day in today's session.
Continue reading Kodak (EK) falls on disappointing quarterly earnings
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