said its business outlook remained unchanged, implying that the company still expects first-quarter earnings of 50 cents to 60 cents a share.
Last month, the film company, a component of the
Dow Jones Industrial Average
reported fourth-quarter earnings of 66 cents a share and provided forward guidance for the first quarter and full year.
First Call/Thomson Financial
carries a consensus estimate of 52 cents a share for the first quarter of 2001. The forecast for 2001 is $4.51 a share, at the low end of Kodak's guidance of $4.50 to $4.90 a share. The company earned 95 cents a share in the year-ago first quarter and $4.68 in 2000.
Kodak, which is based in Rochester, N.Y, gained 88 cents, or 2%, to $46.08 in recent trading on the
New York Stock Exchange