Eastman Kodak Down 4.51% To $4.76 After Earnings

March 15, 2024 | by magnews24.com

Eastman Kodak (KODK) said after close Thursday that it earned $0.03 per share in quarter four 2023. The company reported $275 million in revenue

In the same quarter a year ago, the company earned $0.05 per share on revenue of $305 million.

The stock is down 4.51% to $4.76 after the report.

The firm’s higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Trading in the five days leading up to the report earned Eastman Kodak a Bearish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 48.

Eastman Kodak Co is a United States-based company. The company operates via several business segments: Traditional Printing, Digital Printing, Brand and Advanced Materials and Chemicals. The Traditional Printing segment which derives majority revenue offers digital and traditional products and services to various businesses, such as commercial print and book publishing, and this segment contributes over half of total revenue. The company has a global business presence, with overseas markets accounting for a majority of revenue.

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