Kodak Stumbles In Fourth Quarter

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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.


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