Kodak Profit Rises; More Jobs to Be Cut

Eastman Kodak Co., the world’s largest maker of film, plans to eliminate as many as 1,700 more jobs after third-quarter profit more than tripled on work force reductions and other cost cuts.

Third-quarter sales excluding foreign exchange benefits fell 1%.

Net income in the third quarter rose to $334 million, or $1.15 a share, from $96 million, or 33 cents, a year ago. Sales including foreign exchange climbed 1.4% to $3.35 billion from $3.31 billion, Kodak said.

Kodak shares rose 31 cents to $34.13 on the NYSE.