23 November 2005 – Rochester (NY): Eastman Kodak has announced a settlement with the Internal Revenue Service that will lift its Q4 earnings by 80 to 90 cents a share.
The agreement concerns the audit of tax from 1993 to 1998 and will provide a boost to Q4 earnings of between $230 million and $260 million, the company said in a US Securities and Exchange Commission filing.
Kodak will also receive a refund of income taxes and interest of approximately $15 million to $25 million.
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