is joining the bandwagon of companies that are saying their earnings are being hit by higher materials costs and weak overseas currencies.
The company said this morning that its third-quarter earnings per share will be lower than expected.
Analysts polled by
First Call/Thompson Financial
expected Kodak to earn $1.60 per share. Kodak is now saying it expects earnings to be 20 cents to 25 cents lower per share than earlier guidance.
Shares of Kodak were lately trading at $54.50 in preopen action on
, down from yesterday's close at $59.