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Article: Eastman Kodak Investors Frowning - Zacks Tale of the Tape
- Article from:
- Zacks Investment Research - Zacks Tale of the Tape
- Article date:
- December 10, 2008
- Author:
CopyrightCopyright 2008 Zacks Investment Research. (Hide copyright information)
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Eastman Kodak Investors Frowning - Zacks Tale of the Tape
Eastman Kodak Co.
(
EK
) withdrew its guidance for the rest of 2008 on Wednesday, citing dual pressures of a recessionary economy and a stronger dollar. The photographic products company also said it would not raise executive compensation in 2009 and freeze 401(k) retirement savings plans temporarily.
Rising unemployment and a dramatic slowdown in consumer spending have taken a toll on sales of digital cameras and printers, leading to order cancellations. In October, Eastman ...