Kodak Changes Q2 Financial Results
After last week’s release of its second quarter financial results, Eastman Kodak Co. filed notice with the U.S. Securities and Exchange Commission Aug. 9, citing an error on previous reports.
Recommendations are independently chosen by Reviewed's editors. Purchases made through the links below may earn us and our publishing partners a commission.
*
August 13, 2007* – After last week’s release of its second quarter financial results, Eastman Kodak Co. filed notice with the U.S. Securities and Exchange Commission Aug. 9, citing an error on previous reports.
Kodak initially reported operation losses for this past quarter were $135 million after taxes, at $0.47 per share. Loss from continuing operations was actually $152 million after taxes at $0.53 per share, according to a company press release.
For the first half of 2007, Kodak announced continuing operations loss as $326 million after taxes at $1.14 per share, up from previously reported $309 after taxes at $1.08 per share.
Kodak credited the errors in the initial financial reports to adjustments in healthcare and post-retirement benefit costs.