Kodak’s Quarterly Report Highlights Progress in Business Transformation

The outlook detailed above reflects, on the revenue and earnings side, the impact of slowing economic momentum globally; the strategic decision to trade digital camera revenue for improved profitability; lower demand than previously forecasted for digital plates; lower growth, in the aggregate, for the four digital growth businesses; and higher than planned start-up costs for the Prosper press platform. The updated cash outlook excludes the proceeds of any sale of the company’s digital imaging patent portfolios, as well as lower than planned earnings and the delay in the timing of proceeds from asset sales.

Source: Kodak.