Eastman-Kodak shares plunging on another bad quarter

By @Gooch700 on
Kodak Share Value Sky-Rockets as Google Patent Acquisition Frenzy Peaks
Shares of Eastman Kodak Co. have jumped in value amidst speculation that following its acquisition of Motorola Mobility Google may be eying-up the camera maker's patent portfolio as its next target. Reuters

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

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.

Join the Discussion