EARNINGS
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Kodak Profit Down 33%: The Rochester, N.Y.-based company said it earned $201 million in the fourth quarter, a significant drop from a year ago when profit was boosted by an asset sale. Profit for the quarter ended Dec. 31 amounted to 61 cents a share. A year ago, Eastman Kodak Co. earned $299 million, or 92 cents a share, in the same period. Revenue was $4.54 billion, down 2% from $4.65 billion a year ago. The company’s fourth-quarter 1992 results were lifted 23 cents a share from the sale of Eastman Kodak Credit Corp. and other investments. Without that boost, the company’s latest profit was 11.5% below the year-ago quarter.
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