Eastman Kodak Co. (EK) said that it expects 2010 GAAP earnings from continuing operations to be in the range of negative $50 million to positive $50 million. The company expects segment earnings from operations of $350 million to $450 million on total company revenue of between $7.5 billion to $7.7 billion. This equates to GAAP earnings from continuing operations before interest expense, other income or charges, net and income taxes of $275 million to $375 million. The company expects digital revenue growth of 5% to 9%, and overall revenue growth of 0% to 1%.
For 2010, the company expects revenues from its digital portfolio to grow by 5% to 9%, that, when combined with a more moderate decline in the company's traditional business, results in an overall revenue growth of 0% to 1%.
The company's target business model assumes, on average, a compound annual growth rate for digital revenues of 7% to 9% from 2010 through 2012, and a total company compound annual revenue growth rate of approximately 3% during that period.
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