Eastman-Kodak shares plunging on another bad quarter

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January 26, 2011 1:26 PM EST

Shares of Eastman Kodak (NYSE: EK) are plunging after the imaging company’s fourth quarter earnings fell below analysts’ estimates.

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As of 12:20 p.m., Kodak shares are down 17.04 percent.

Kodak posted an adjusted loss of 37 cents per share, versus consensus analyst expectations of 5 cents of profit.

Having posted two consecutive quarters of losses, Kodak stock is down about 30 percent year-to-date.

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