Digital Camera News
Kodak Announces Second Quarter Results; Sales Down 7 Percent
August 6, 2007 – Eastman Kodak Company yesterday announced its second quarter results for 2007. Kodak reported second quarter net earnings of $592 million and a 7 percent drop in sales to $2.51 billion year over year. Digital revenue increased 3 percent, while traditional revenue dropped 17 percent to $1.044 billion.
'Revenues during the second quarter were in line with our expectations. Earnings improved across all of our major business units, reflecting our strong focus on cost reduction and operational efficiencies," said Antonio M. Perez, chairman and chief executive officer of Eastman Kodak Company, in a press release. "We continue to expect a strong second half, with double-digit sales growth in both of our major digital businesses … I’m pleased with our first-half results, and I remain confident in our ability to achieve our 2007 key strategic objectives."
Revenues for the Consumer Digital Imaging Group totaled $1 billion, down from $1.105 billion in the year-ago quarter, while digital revenue totaled $1.46 billion, a 3 percent increase over second quarter 2006.
Kodak’s second quarter loss before interest and taxes was $163 million, compared with $257 million in losses in last year’s second quarter.
According to the press release, Kodak hopes for this year's digital earnings from operations to total $150 to $250 million, and forecasts a 3 to 5 percent digital revenue growth this year, with total revenue in 2007 expected to fall 4 to 7 percent.
Latest News
& Reviews
-
11-Feb-2012
Olympus TG-820 First Impressions Review
The Olympus TG-820 is a waterproof camera that both looks and feels like a tough-cam should. Read More...
-
10-Feb-2012
Sigma DP2 Merrill First Impressions Review
Sigma is back with a new high-end compact camera with a 46-megapixel Foveon X3 APS-C sensor. With image quality promised to be on the level of their $6000 SD1, can the new DP2 Merrill compete with the Fuji X100? Read More...
Top Rated Digital Cameras
-
Digital SLRs
Point & Shoots
-
$1,129.001Canon EOS 60D
The Canon EOS 60D is a top-notch camera in terms of performance, handling and flexibility. However, the performance of the kit lens leaves something to be desired. Read full 7-part review
$1,129.00
$459.991Panasonic Lumix FZ150
Excellent image quality, speedy performance, and a great design add up to the best superzoom that has ever graced our labs. That distinction seems to change hands every week, but trust us when we say that the FZ150 is a truly great camera. Read full 16-part review
$459.99 -
$746.952Nikon D5100
The D5100 is the latest entry-level DSLR from Nikon, with full 1080/30p video, an articulated LCD, and the same image sensor as the D7000. It lacks an internal focus motor, but we found it produced some of the most accurate colors we've seen yet. Read full 7-part review
$746.95
$378.992Canon PowerShot SX40 HS
Canon's SX30 got a CMOS makeover that resulted in the SX40 HS, an impressive ultrazoom that captures beautiful shots in almost any scenario. Read full 16-part review
$378.99 -
$1,269.993Canon EOS 7D
The 18-megapixel Canon 7D delivers high resolution stills and full HD video in a well-built camera designed for serious photographers without the desire (or budget) for a full-frame model. Read full 7-part review
$1,269.99
$427.953Sony Cyber-shot HX100V
This professionally-geared ultrazoom offers some of the best color accuracy we've ever seen. It's a shame the other scores weren't quite so strong. Read full 16-part review
$427.95 -
$1,199.004Nikon D7000
The Nikon D7000 is a powerhouse camera at an excellent price. It offers a huge range of features that will make shooting quicker and easier for the experienced shooter, with lots of customizable options and quick control access. Read full 7-part review
$1,199.00
$314.954Panasonic Lumix DMC-FZ47
Panasonic resists the urge to cram more megapixels and more focal length into their latest ultrazoom. The FZ47 instead focuses on image quality and features, resulting in an incredibly strong camera that we loved shooting with. Read full 16-part review
$314.95 -
$569.995Sony Alpha SLT-A55V
The SLT-A55 is a well performing SLR, with a wide ISO range, good color and relatively low noise. . Read full 7-part review
$569.99
$417.005Canon PowerShot S100
Canon's PowerShot S100 improves on the popular S95 and takes its place at the top of the point-and-shoot food chain. Read full 16-part review
$417.00
Find the right digital camera for you.
