Kodak Posts Loss, But Digital Sales Soar
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Eastman Kodak Co. EK.N on Wednesday  posted a preliminary fourth-quarter loss on restructuring  costs, but strong sales of digital photography products, such  as cameras and commercial printing, showed its strategy shift  is taking root.
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The digital revolution&#39;s two-way impact on British jobs was felt yesterday when Eastman Kodak announced mass layoffs in Nottingham and Middlesex and B&amp;Q said it had been struggling to find staff in the Midlands.
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Eastman Kodak Co. EK.N on Wednesday  backed its near and long-term profit forecasts, saying sales of  digital products are growing faster than expected and helping  to offset rapidly declining sales of its traditional film  business.
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(Rochester, NY) 09/22/04 -- Bold statements came from the Eastman Kodak company today. Investors learned digital sales are soaring beyond the company&#39;s expectations.
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The photography industry expects U.S. digital camera sales growth to slow to about 13 percent this year, as the market matures after growing at a breakneck pace for almost a decade, according to a report released on Thursday.
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Sandisk Corp. said on Wednesday its  quarterly profit tripled but shares fell 18 percent as its  results missed Wall Street estimates because an oversupply of  memory cards drove down prices.
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The business in which Kodak made its name, film processing and conventional photography, is in decline.
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In a challenge to HP, Canon and Lexmark, Kodak has begun offering inexpensive printers and ink cartridges to consumers.
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The digital camera market has turned into a dead heat, with Kodak virtually tied for the top spot with perennial sales leader Sony, according to an IDC report.
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Eastman Kodak Co. EK.N, the world's  top maker of photographic film, on Wednesday said its third  quarter profit rose, boosted by discontinued operations. Sales  were boosted by the weaker dollar and its key growth area of  digital photography.
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_ Eastman Kodak Co. announced Tuesday it will cut nearly 900 jobs at three of its manufacturing facilities in Europe as part of the company&#39;s shift from traditional film production to digital photography.
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Blog: Kodak responds to consumer love of portability, large LCDs and enough megapixels for wall prints
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Kodak said the reductions are because of the increasing popularity of digital photography. The cutbacks are part of the three-year program Kodak announced in January to reduce its
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Eastman Kodak Co.  on Wednesday said fourth-quarter sales of its digital photography products rose 40 percent, evidence of the early success of its move away from film.
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Eastman Kodak Co.  on Wednesday backed its near and long-term profit forecasts, saying sales of digital products, such as cameras and medical imaging, are growing faster than expected and helping to offset rapidly declining sales of its traditional film business.
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Eastman Kodak Co. announced Tuesday it will cut nearly 900 jobs at three of its manufacturing facilities in Europe as part of the company's shift from traditional film production to digital photography.
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Eastman Kodak Co.  introduced a  line of desktop printers on Tuesday that use low-cost  replacement ink cartridges, entering a market dominated by  Hewlett-Packard Co.