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Stock impact report

Kodak Reports Third-Quarter Revenue of $315 Million and Growth in Key Product Areas

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 third quarter 2019, including a net loss of $5 million on revenues of $315 million and growth in key print and film product areas.Highlights include:GAAP net loss of $5 million for the quarter ended September 30, 2019, compared to GAAP net earnings of $19 million for the quarter ended September 30, 2018.Revenues for Q3 2019 of $315 million compared to revenues for Q3 2018 of $329 million.Operational EBITDA for the quarter of $14 million compared to Operational EBITDA of $9 million in the prior-year period.The Company finalized the establishment of a strategic relationship with Lucky HuaGuang Graphics Co, Ltd in the People’s Republic of China, including the sale of Kodak’s offset printing plates facility in Xiamen, China, a supply agreement to help Kodak fulfill its customer demand, and an IP agreement under which Kodak licenses its plates technology to HuaGuang to expand t Show less Read more
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