Eastman Kodak Health Group reported first-quarter sales of $626 million, down 1% compared with the $631 million turned in a year ago. For the period (end-March 31), the Rochester, NY-based vendor had earnings from operations of $71 million, compared with earnings from operations of $95 million last year.
Kodak said the results reflect lower-than-expected sales across its portfolio of digital products and services, the result of operational issues the company said it is addressing. The issues related to the performance of a limited number of screens used in computed radiography machines, which Kodak said it has already addressed, as well as delayed installation of certain healthcare information systems. Kodak said it is working actively to improve installation performance.
Kodak's x-ray and laser printer businesses performed as expected, according to the vendor.
By AuntMinnie.com staff writers
April 22, 2005
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