Update: Kodak Gets Slammed After Warning
Updated form 2:37 p.m. EDT
Photography company Eastman Kodak (EK Quote) got slammed Tuesday after it said that slower sales growth in September would result in lower-than-expected earnings. "Our third-quarter business plans required strong September sales growth to enable us to successfully offset the earnings pressures of a rising dollar, increased raw material costs and higher levels of digital investment," said Bob Brust, Kodak's chief financial officer, in a statement.- Loading Comments...
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