Correction: The below article now includes the company's quarterly result excluding one-time items.
Eastman Kodak Co. (EK) reported Thursday a third-quarter loss from continuing operations of $111 million or $0.41 per share, compared to earnings of $101 million or $0.35 per share in the same quarter last year.
Excluding one-time items, the company lost $63 million, or $0.23 per share, in the third quarter.
On average, four analysts polled by Thomson Reuters expected the company to report a loss of $0.19 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter were $1.78 billion, down 26% from $2.41 billion in the comparable quarter last year. Analysts expected the company to report revenue of $1.89 billion for the quarter.
For the full year 2009, Kodak now expects its total revenue decline rate to be at the high end of the previously forecasted range of 12% - 18%, due, in part, to results to date and to the company's increased focus on cash and earnings.
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