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Technical Analysis
SmarTrend® DOWNTREND Alert: Eastman Kodak Co. (NYSE:EK) - 1/30/2009 2:20:40 AM

Eastman Kodak Co. (NYSE:EK) reported a preliminary Q4 net loss of $0.08 per share, ex items, missing consensus estimates of $0.21 per share. Results are preliminary pending impairment assessments. Revenue for the quarter declined 24% year-over-year to $2.43 billion, from $3.22 billion last year. The company said it would reduce its workforce by 18% as it restructures its operations. Chairman and CEO Antonio Perez said "The second half of 2008 will go down in history as one of the most challenging period we have seen in decades."


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