Kodak posts lower 2Q profit, revises outlook (AP)

[PhotoNews]

AP - Eastman Kodak Co. said Thursday its second-quarter profit fell 14 percent as digital inkjet-printer investments and higher costs for raw materials offset a hefty tax settlement gain. It also warned that full-year operating earnings will come in at the lower end of its previous forecast, sending its already depressed stock down more than 7 percent.

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