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Kodak 2nd Quarter Results, 2010


Date: July 30, 2010

Rochester, NY – While both Lexmark and Xerox performed better than analysts had expected, Kodak fell short (as of the 2nd update, 28 July, 12:14pm EST) despite “fewer charges and higher margins”.

We posted an article a little over a month ago now detailing the CEO, Mr. Perez’s efforts to make Kodak profitable. The licensing approach currently being used is expected to continue until 2012 when he hopes their inkjet printers turn a profit, the Wall Street Journal (WSJ) reported from a call Mr. Perez had with analysts on Wednesday. Inkjet printers aimed at consumers were among the highlights of this quarter Mr. Perez said.

The WSJ quoted one analyst in their story as saying “It's not an inspirational quarter but there are enough metrics that are continuing to head in the right direction." The analyst was reportedly impressed with Kodak’s inkjet division which continued upward from its 1st quarter position.

BY ADAM HAIGH, Editor

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