Kodak Chalks Up New Sales Record
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Eastman Kodak Co. reported slightly higher second-quarter earnings on record sales.
The Rochester, N.Y.-based photographic firm posted net earnings of $361 million, or $1.11 a share, up 1% from $357 million, or $1.10 a share, a year ago. Quarterly sales were $5.19 billion, an increase of 4% from $4.99 billion in the 1991 second quarter.
Commenting on the results, Kodak Chairman and Chief Executive Kay R. Whitmore said: “Strong June sales were a major factor in bringing quarterly earnings to a point slightly higher than those reported at this time a year ago. This surge in the final four weeks was widespread, with many products posting double-digit revenue gains, including color films and papers, copiers, clinical diagnostics, plastics, and chemicals.”
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