Kodak Takes Hit in Q4, Full-Year Gross Profit Improves

Full-year 2010 consumer inkjet printer and ink revenue grew by 35 percent. Traditional revenue for 2010 decreased 22 percent from the prior year to $1.767 billion.

On the basis of U.S. generally accepted accounting principles (GAAP), the company reported a full-year 2010 loss from continuing operations of $58 million, reflecting a $174 million improvement as compared with a loss of $232 million in the year-ago period. The company’s digital businesses delivered $301 million in earnings from operations for the year, a $308 million improvement from 2009.