Eastman Kodak Company has followed a profitable second quarter with a profitable third quarter. CEO Jeff Clarke says it shows revenue is beginning to come from new growth at Kodak.
The company reports net earnings of $12 million for the third quarter, compared with a $21 million loss in the third quarter of 2015. The company finished the quarter with a little less cash on hand after paying off some of its debt. Operating expenses were down by 14 percent.
Kodak is standing by its guidance of around $1.5 billion in revenues for 2016.