Kodak Earnings a Sign of Brighter Days to Come?

Rochester, NY – Eastman Kodak stock rose nearly 25-percent Thursday, after the company announced a profitable fourth quarter in 2009.

And one analyst feels the company's on its way to a profitable 2010. The company made 430-million dollars in the fourth quarter, compared with a 918-million dollar loss in the same period of 2008.

Kodak's sales also jumped 45 percent in the fourth quarter, compared to the third quarter of last year.

Analyst TC Lewis, a consultant for Canandaigua National Bank, says if Kodak has their costs under control, earnings can improve greatly - even if sales are less than half of what they once were.

Lewis says Kodak may even start hiring back some workers by the end of 2010.