Eastman Kodak Health Imaging reported fourth-quarter net worldwide sales of $742 million, up 5% compared with the $704 million turned in during the same period a year ago. Excluding the favorable impact of currency exchange rates, Kodak would have posted a 2% increase in sales.
For the period (end-December 31), the Rochester, NY-based vendor had earnings from operations of $118 million on a generally accepted accounting principles (GAAP) and operational basis, compared with $134 million a year ago.
Quarterly highlights included an 11% increase in sales of digital products and services. The vendor said the decrease in operating earnings reflects the impact of increased selling, general and administrative expenses, and R&D attributable to the firm's investment for growth.
By AuntMinnie.com staff writers
January 27, 2005
Related Reading
Kodak bolsters CR position with bid for Orex, January 18, 2005
Kodak provides tsunami relief donations, January 10, 2005
IMV buys AuntMinnie.com, January 4, 2005
Kodak makes executive appointments, December 23, 2004
Copyright © 2005 AuntMinnie.com
