Eastman Kodak post impressive results

Eastman Kodak post impressive results

Eastman Kodak has come out with their revenue report and the company has posted a better-than-expected quarterly profit.

The company gained from improved sales of their digital cameras. Kodak added that they might not spend as much as initially expected on their restructuring plans.

However, the market was not impressed and the company share fell down in the stock market as analysts believe that the company still relies a lot on declining film sales.

Kodak has posted third-quarter net income of $37 million. This is much better compared to loss of $37 million, or 13 cents a share in the same period last year.

Their revenues were however down 1 percent to $2.58 billion. These were however better than market expectations.

Looks like Kodak is performing well but not as much as the market expects them to.