Kodak’s Quarterly Report Highlights Progress in Business Transformation

Third-quarter sales were $1.462 billion, a 17 percent decrease from the year-ago quarter or only 5 percent when excluding the benefit of a $210 million non-recurring patent licensing transaction in the year-ago period. Third-quarter digital revenue grew 3 percent, excluding that year-ago intellectual property revenue and a 25 percent decline in the company’s Digital Cameras & Devices business, which reflects the strategic decision this year to trade revenue for improved earnings.