Eastman Kodak Co.: The Rochester, N.Y., film...
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Eastman Kodak Co.: The Rochester, N.Y., film giant reported fourth-quarter net income of $326 million, contrasted with a loss of $60 million in 1989. Revenue rose 5% to a record $5.15 billion. Net earnings for the year rose 32% to $703 million, while revenue climbed 3% to a record $18.91 billion. Net earnings for 1990 were adversely affected by the $564-million patent litigation judgment in a suit by Polaroid Corp., while 1989 net earnings were adversely affected by $549 million in after-tax restructuring costs.
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