ROCHESTER, N.Y. —
While the Polaroid name
lives on in licensing agreements arch-rival Eastman Kodak stumbled in the fourth
quarter.
Kodak’s consumer digital imaging group reported
for its fiscal fourth quarter, ended Dec. 31,
sales of $731 million, a decrease from $1.2 billion
in the prior-year quarter, while its fourth-quarter
loss from operations was $57 million, compared
with earnings on the same basis of $380 million in
the prior-year quarter.
However, for the year, the group reported higher
sales and operating profits. The group’s 2010
sales were $2.739 billion, a 5 percent increase
from the prior year. Full-year earnings from operations
for the segment were $330 million, a $295
million increase from the prior year.
The year-over-year improvement was driven by
intellectual property licensing transactions and improving
profitability in its consumer inkjet line.
