Kodak releases 4th quarter earnings

Created: 03/20/2014 7:45 AM WHEC.com

Eastman Kodak has released its earnings for the fourth quarter and all of 2013.

The company says its total net earnings for the year were nearly $2-billion and 2013 sales declined 14-percent over 2012. Kodak attributes that to declines in motion picture film sales and declines in revenue for the consumer inkjet business.

Kodak's new CEO Jeff Clarke says he's excited about revenue increases the company is seeing in its emerging technology businesses.      

Clarke was named to the CEO position last week.

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