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Eastman Kodak


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


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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