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Stock impact report

Kodak Reports Second-Quarter Revenue of $307 Million and Continued Growth in Key Product Lines

Eastman Kodak Company Common New (KODK) 
US:NYSE Investor Relations: investor.kodak.com
Company Research Source: Business Wire
ROCHESTER, N.Y.--(BUSINESS WIRE)--Eastman Kodak Company (NYSE: KODK) today reported financial results for the second quarter 2019, including net earnings of $201 million on revenues of $307 million and continued growth in key product areas.Highlights include:GAAP net earnings of $201 million for the quarter ended June 30, 2019, compared to GAAP net earnings of $4 million for the quarter ended June 30, 2018.Current quarter GAAP net earnings included a gain on the sale of the Company’s Flexographic Packaging Division of $207 million and a loss from continuing operations of $6 million.Revenues for Q2 2019 of $307 million compared to revenues for Q2 2018 of $332 million.Operational EBITDA for the quarter of negative $1 million compared to Operational EBITDA of negative $2 million in the prior-year period.Key product lines achieved strong year-over-year growth for the second quarter 2019:Volume for KODAK SONORA Process Free Plates grew by 25 percent.Annuity revenues for the KODAK PROSP Show less Read more
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