Kodak sales up, but earnings slip

Eastman Kodak Health Group reported second-quarter sales of $694 million, up 3% compared with the $672 million posted in the second quarter last year. For the period (end-June 30), the Rochester, NY-based firm had earnings from operations on a GAAP and operational basis of $113 million, compared with $124 million last year.

Kodak said that quarterly highlights included an increase in operating margins to 16%, up from 11% in the first quarter of 2005. While the group's traditional business performed better than expected, Kodak's digital products portfolio produced revenue growth that was less than anticipated, according to the vendor.

By AuntMinnie.com staff writers
July 20, 2005

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