Kodak's Turnaround Keeps Developing
Kodak Chief Executive Antonio Perez has been promoting his company's transformation from sleepy, shrinking photographic film maker to hot digital tech star since he took over almost two years ago. Finally on Jan. 31, he had something to show for his efforts to cut costs while spending heavily to develop new digital products. The Rochester (N.Y.) company reported its first quarterly profit in two years—a slender $16 million on sales of $3.8 billion. But analysts were impressed, and profits are expected to rise further this year.
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