Eastman Kodak Crushes EPS Estimates (EK)
01/28/2010-Shares of Eastman Kodak (NYSE:EK) are trading 15.6% higher premarket Thursday after the company reported fiscal Q4 EPS of $1.08, ex-items, crushing consensus estimates of $0.18.
Revenues for the quarter rose 6% year-over-year to $2.58 billion, and beat consensus estimates of $2.38 billion.
Antonio M. Perez, Chairman and CEO, commented, "Despite a difficult economic environment, we delivered in 2009. Our momentum is returning and our strategy is paying off. During 2009, we generated significant traction with our key digital businesses, we achieved sustainable operational improvements across the company, our earnings improved substantially, and we ended the year with more than $2.0 billion in cash on our balance sheet."