Eastman Kodak’s Q3 profits slump



Eastman Kodak has posted a Q3 loss of $1.04 billion, largely due to a $900 million charge related to its massive ongoing restructuring programme. 
The firm said it lost the equivalent of $3.61 a share for the quarter, compared with a profit of $458 million, or EPS of $1.60, a year earlier. Analysts had expected average earnings of $0.66 a share.
Sales rose 5 per cent to $3.55 billion, up from $3.37 billion in the previous year.
The company is currently transforming itself into a provider of digital products and printing services, battling a steep drop in demand for its traditional film and developing products.