Kodak Forecasts Improved Profitability in '10

By Alex Crichton

Rochester, NY – Kodak says it will build on the momentum it generated in the second half of last year, and is looking forward to a profitable 2010.

CEO Antonio Perez said the company is on track toward sustained profitability as it emerged from global turndown a leaner, more competitive company.

Kodak is forecasting digital revenues to grow five to nine percent this year, and the company expects 2010 earnings from continuing operations to range from negative 50-million to positive 50-million.

Kodak also expects to have a cash balance around 2-billion dollars by year's end.