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News > Companies
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Kodak to reaffirm target
Photographic products maker holds to lowered 1Q, full-year targets.
February 25, 2002: 9:25 a.m. ET
graphic NEW YORK (CNN/Money) - Eastman Kodak Co. said it will reaffirm lowered first-quarter and full-year earnings guidance when company officials address analysts at the Hotel Marketing Association show in Orlando, Fla., Monday.

The film and photographic products maker said it expects to post a first-quarter profit of 5 to 15 cents a share and $2 to $2.60 a share for the full year.

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That's below Wall Street forecasts for Kodak (EK: Research, Estimates) on Jan. 24, when the company first provided that guidance along with its fourth-quarter results, which tumbled from a year earlier but topped forecasts.

Analysts polled by earnings tracker First Call now expect Kodak to earn 11 cents a share in the first quarter and $2.18 a share for the year. That's sharply lower than the 54 cents a share it earned in the year-earlier first quarter and $2.30 a share for the year.

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Kodak shares slipped 32 cents Friday to $30.36 on the New York Stock Exchange. graphic
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