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Kodak Returns to Profitability in 2Q 2016

GAAP net income was $8 million for the quarter, an improvement of $31 million over the same period a year ago.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Eastman Kodak Company reported financial results for the second quarter, ended June 30, 2016, delivering a return to profitability based primarily on an increase in GAAP income from continuing operations.   GAAP net income was $8 million for the quarter ended June 30, 2016, an improvement of $31 million over the same period a year ago. Income from continuing operations was $16 million for the quarter, a $31 million improvement over the prior year. The company ended the quarter with a cash bala...

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