Once again Eastman Kodak (EK) has disappointed investors again as it posted 2nd quarter profits that trailed analysts estimates. The company says in the first half of this year due to the unprecedented increase in commodity prices, cost reductions in Entertainment imaging they were not able to keep up with revenue declines for the period. Going forward, however, they will be aggressively managing the cost side of the equation in FPEG including the adjustment of cost structure in ways that will enable a sustainable, profitable business model...
However with a FusionIQ score that is still low, a 31 (Master Technical Score) – It appears EK shares will be dead money for a while.
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