Eastman Kodak Company, fighting for years to keep head above water in the digital age, Thursday warned that revenues and earnings would fall for the year, necessitating more job cuts, according to dpa. Revenues fell 5 per cent to 2.41 billion dollars. Earnings climbed in the third quarter to 96 million dollars from 37 million dollars in the same period last year, less than analysts had expected. Kodak cut operating profit projections for the year in half, to 200-250 million dollars, reflecting worry over economic downturn and the prospect of dismal Christmas sales. Despite a rise in sales of up to 2 per cent earlier in the year, the firm said sales are likely to go the other way with a drop of 5 per cent for the year. The tradition-bound photo firm returned to profits in 2007 after four painful years of efforts to streamline and get on board the rapid change from classic photo operations to digital photos.
