By Bud Lowell
Rochester, NY – Eastman Kodak Company officials say a weak U.S. economy will hold down its profits through 2002 before things recover in 2003.
Kodak is struggling to reverse a 15-month plunge in film sales. The picture company reported a 206 million dollar loss in the fourth quarter of the old year. That narrowly exceeded Wall Street forecasts.
Company CEO Dan Carp said he's "pleased but not satisfied" at the way the year turned out, despite economic conditions after September 11th that Carp says will go into the record books.