Kodak's health sales up, earnings down in Q4

Eastman Kodak Health Imaging reported fourth-quarter net worldwide sales of $742 million, up 5% compared with the $704 million turned in during the same period a year ago. Excluding the favorable impact of currency exchange rates, Kodak would have posted a 2% increase in sales.

For the period (end-December 31), the Rochester, NY-based vendor had earnings from operations of $118 million on a generally accepted accounting principles (GAAP) and operational basis, compared with $134 million a year ago.

Quarterly highlights included an 11% increase in sales of digital products and services. The vendor said the decrease in operating earnings reflects the impact of increased selling, general and administrative expenses, and R&D attributable to the firm's investment for growth.

By AuntMinnie.com staff writers
January 27, 2005

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