Eastman Kodak Rallies After Earnings

Filed under: Earnings Reports, Eastman Kodak (EK)

Eastman Kodak (EK) is having a picture-perfect trading session, at least at the time of this writing: shares of the company were up 12% to $4.45, with strong volume backing the move. I haven't been a fan of this name, but it is proving me wrong at the moment.



Earlier today, Eastman Kodak issued its third-quarter report. According to the Associated Press, the adjusted loss came out to 2 cents per share. The expectation was for a loss of 31 cents per share. That's a pretty big difference; I guess I can see why the market was so happy. In addition, the actual corporate press release touts the improved performance in cash flow.

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Eastman Kodak Rallies After Earnings originally appeared on BloggingStocks on Thu, 28 Oct 2010 15:20:00 EST. Please see our terms for use of feeds.

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