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Kodak photo kiosks help company post first profit in nine quarters
January 30, 2007
Bloomberg.com: Eastman Kodak Co., the world's largest photography company, posted its first profit in nine quarters on higher revenue from photo kiosks and savings from firing workers.
Kodak installed kiosks that print digital photos in all U.S. Wal-Mart Stores Inc. outlets and Chief Executive Officer Antonio Perez has eliminated 23,375 jobs in response to waning consumer demand for film. Kodak is selling its health-care imaging unit to focus on other businesses including commercial printers.
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