New York - The Eastman Kodak Company, manufacturer of cameras, film and other photography company, said Thursday that profits fell in the second quarter on higher materials costs.
Net profits fell 14 per cent to 459 million dollars, or 1.62 dollars per share, from 575 million dollars, or 2 dollars per share, in the year-earlier period.
Revenue rose just 1 per cent to 2.5 billion dollars, the Rochester, New York-based firm said.